China debt crunchChina Evergrande is a day away from default. What happens next?
Day-to-day operations expected to continue while developer awaits bankruptcy
China Evergrande Group's headquarters in Hong Kong. The company is considered the world's most indebted property developer, with a total of $300 billion in liabilities. © AP
NORIYUKI DOI, Nikkei staff writer
October 28, 2021 14:13 JST
SHANGHAI -- With China Evergrande Group just a day away from defaulting on a dollar denominated bond, investors are focusing on three questions -- what happens to the property developer's other outstanding debt, does it cease operations after default, and will it end up in legal bankruptcy proceedings?