SHANGHAI -- A group of angry suppliers to China Evergrande Group are threatening to stop paying their bank loans to protest the struggling developer's unpaid bills, hitting a property sector already reeling from a mortgage-payment boycott.
China has seen a wave of debt defaults among real-estate developers including Evergrande, which is saddled with about $300 billion in liabilities. Those huge debt loads and financing problems have led to scores of housing projects going unfinished, sometimes for years, triggering widespread anger among buyers who are typically required to pay the full cost of their homes in advance.
