HONG KONG -- Modern Land China has become the latest developer from Asia's largest economy to miss a dollar bond payment, underscoring the stress spreading across the sector.
China debt crunch
Chinese developer Modern Land fails to repay $250m bond
Company latest in China to miss payments as Evergrande crisis spreads
Modern Land China has failed to pay interest and principal on a $250 million bond, the developer revealed. (Screenshot from Modern Land's website)
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