SHANGHAI -- A surprise announcement that troubled property developer China Evergrande will make a key bond payment on time this week helped sooth jittery investors on Wednesday, though analysts warn the company remains in a "precarious" position.
Evergrande's main unit, Hengda Real Estate Group, said in a filing to the Shenzhen exchange on Wednesday that it will pay interest due on a 40 billion yuan ($6.2 billion) bond on time on Thursday.
