China’s Evergrande crisis: clock ticking as crucial debt default deadline looms

The crisis threatening Evergrande and China’s economy could deepen if the firm fails to make an $83.5m bond interest payment on Saturday. Photograph: Héctor Retamal/AFP/Getty Images

The crisis threatening Evergrande and China’s economy could deepen if the firm fails to make an $83.5m bond interest payment on Saturday. Photograph: Héctor Retamal/AFP/Getty Images

source https://www.theguardian.com/business/2021/oct/20/china-evergrande-group-crisis-clock-ticking-as-crucial-debt-deadline-looms