Repayment challenges are piling up for stressed Chinese property developers. The heavily indebted industry needs to find nearly $200 billion to cover mounting bills this month from bond maturities to back wages. Bloomberg's Stephen Engle reports on "Bloomberg Daybreak: Asia."
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Some China Evergrande Group bondholders had yet to receive overdue
coupon payments by the end of a month-long grace period, signaling a
possible default by the developer as it prepares for one of China's
largest-ever debt restructurings. Rebecca Choong Wilkins reports on
"Bloomberg ......
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Leland Miller, chief executive officer of China Beige Book, discusses the state of the world's second-largest economy, its outlook and the government's policies. He speaks on the sidelines of the Bloomberg New Economy Forum in Singapore with Shery Ahn on "Bloomberg Daybreak: Asia."
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Chinese authorities told Hui Ka Yan, the billionaire founder of China Evergrande Group, to use his personal wealth to alleviate the deepening debt crisis of the troubled real estate developer, according to people familiar with the matter. John Liu reports on "Bloomberg Daybreak: Asia."
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