The Soapbox is a weekly news column rounding up stories worth reading for a global university. (Illustration by Max Van Hosen) In China, largest real estate developer misses debt payments Chinese real estate developer Country Garden announced that it will miss payment for overseas debt to the Hong Kong Stock Exchange. The real estate titan…
Tag: China
New trouble roils China Evergrande, fueling real estate crisis fears
HONG KONG — Just a few weeks ago, China Evergrande, the world’s most debt-saddled real estate developer, was writing its next chapter and working to resolve financial disputes with its creditors. Then a stream of bad news came, and the pages were torn up. Staff at the company’s wealth management arm have been detained by…