News Snapshot:
Beyond Evergrande’s troubles, a slowing Chinese economy BEIJING — Global markets have eagerly watched as a large and deeply indebted Chinese property company flirts with default, fearing any collapse could ripple through the international financial system. Developer China Evergrande Group said on Wednesday it had reached a deal that could give it some relief due to bond payments due the next day. But this ambiguous arrangement doesn’t address a broader threat to Beijing’s top leaders and the global economic outlook: China’s growth is slowing, and the government may have to work hard to revive it. Retail sales in China were...
