Evergrande’s Restructuring Plan Is Stalling in China.

The real estate developer has not been able to present the promised plan to its creditors by the end of July 2022.

It's still a big blur for Evergrande's international creditors. The Chinese real estate behemoth had pledged to present a “preliminary restructuring plan” by the end of July 2022, but instead, its creditors had to settle for a terse update referring to “preliminary restructuring principles”.

The Chinese developer, crushed by a mountain of debt estimated …