China's housing ministry moves to stabilize property markets as home prices skyrocket in five cities, July 29, 2021. VCG
Zero Hedge: Default Of Second Chinese Developer Sparks China Junk Bond Meltdown As Contagion Explodes
As we expected, Evergrande is only the first cockroach.
With the world waiting to find out the fate of a $260 million bond issued by Jumbo Fortune Enterprises which is guaranteed by Evergrande, and which has no grace period
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Update: Chinese developer misses bond payment as stress spreads beyond Evergrande crisis (CNBC)
WNU Editor: These missed bond payments are just more signals that the Chinese economy is under stress. Widespread electrical grid failures are also another sign that things are not going well in China.
More on China's power crisis is here .... China Hit by Worst Power Crisis in a Decade (Legal Insurrection).