The whole situation is going from bad to worse.
A big problem for the CCP, do they try to keep their people happy during these increasingly difficult times, or let all the bond holders take massive haircuts, there are gong to be no winners in this saga.
The real estate firm's April 2023 bond - which pays an interest rate of 9.8 per cent
Chinese property crisis worsens as firm asks to delay bond's maturity (msn.com)
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Evergrande nightmare for China, page-7
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