Evergrande vows to meet first debt deadline, allaying some fears of collapse

  Fears for embattled Chinese property giant eased but it is not clear if it will repay $83.5m due on a separate US dollar debt Chinese property developer Evergrande has said it would pay some of the bond interest due on Thursday, allayingfears of an imminent and messy collapse that had spooked investors. Markets in Taiwan and China reopened lower after a two-day break, catching up with a sharp sell-off around the world triggered by concern over Evergrande’s predicament. Continue reading... .. Full story on theguardian.com 

evergrande, deadline, allaying, collapse Image source : theguardian.com
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