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China debt crunch

China Evergrande's distress: Three things to know

Developer may have finally defaulted on its bonds, but confirmation is lacking

China Evergrande continues to operate and its shares are still being traded on the Stock Exchange of Hong Kong as bondholders await confirmation on whether it has defaulted.    © Reuters

SHANGHAI/HONG KONG -- Observers have been bracing for months for the possible default of China Evergrande Group, the world's most indebted property developer. This week, the company may have finally crossed that threshold after several near misses, but the situation remains ambiguous. Here is what we know:

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