Evergrande, the indebted Chinese promoter, avoids a default

The Evergrande Center building in Shanghai, September 22, 2021. HECTOR RETAMAL / AFP Evergrande is currently avoiding payment default. The ultra-indebted Chinese promoter, whose bankruptcy could shake the country’s economy, made a payment just before a deadline, state media announced on Friday (October 22nd). The real estate group, one of the largest in China, is … Read more