Evergrande has defaulted on its debt

submitted by TheJamesRocket from self.WorldNews

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[–]hennaojichan 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

Maybe Evergrande knows something about the near future that would make paying off their "financial obligations" foolish at this time. Maybe they hope they will own it all pretty soon anyway. They may be wrong.