Business Dec 10, 2021
China Evergrande defaults on its debt. Now what?
A ratings agency’s declaration confirmed what investors had already suspected, but they now must wait on a restructuring plan overseen by the firm hand of Beijing.
A ratings agency’s declaration confirmed what investors had already suspected, but they now must wait on a restructuring plan overseen by the firm hand of Beijing.
In China, 84 million boys and girls between the ages of 3 and 11, about half of the eligible population, have received the first of two COVID-19 vaccine shots.
The real estate developer Evergrande once binged on debt; now the music has stopped, investors are panicking and experts are warning of an imminent failure.
In every corner of the country, investors, entrepreneurs and local officials are in a frenzy to build up semiconductor abilities, responding to a call from Xi Jinping.