China real estate company Evergrande Group narrowly avoids default
China property company Evergrande group paid $83.5 million to international bondholders Friday just hours ahead of its deadline, temporarily preventing a default. Chen Zhao, the chief global strategist for Montreal…
Chinese real estate developer Evergrande defaults on debt
The fate of one of China’s largest real estate developers is in limbo after a major credit rating firm says Evergrande defaulted on major bond debts. CBS News contributor and…