Four More Chinese Property Developers Are in Turmoil As Evergrande’s Bankruptcy Seems Inevitable

No company is now "too big to fail" in the eyes of Beijing.

Dec 10, 2021

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Expected for several weeks, the bankruptcy of the Chinese real estate developer Evergrande now seems inevitable. Yesterday, it was S&P that deemed this bankruptcy “inevitable”. Today, Fitch has downgraded Evergrande to “restricted default” due to non-payment of offshore bond dues.

In its note on Evergrande, Fitch said the developer did not respond to its…

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