China warning on cusp of Evergrande default deadline amid contagion debate

Mark Battersby
clock • 5 min read

China has told Evergrande Group to avoid a near-term default on its dollar bonds, as the troubled property developer is due to make a much-awaited interest payment on its offshore debt. In a recent meeting with Evergrande executives, China regulators said the company should communicate proactively with bondholders to avoid a default but didn't give more specific guidance, Bloomberg Law reported, citing a person familiar with the matter. Chinese authorities also are asking local governments to prepare for the potential failure of China Evergrande Group, the Wall Street Journal reported...