News Snapshot:
[China Evergrande Group](//www.evergrande.com/ir/en/investing.asp) has racked up debts totaling more than $300 billion and its dollar-denominated bonds have been trading at distressed levels because investors expect the company to eventually default. Recently, the property giant has been able to avoid defaulting on those debts by making overdue interest payments shortly before the expiration of their 30-day grace periods. Many investors are concerned whether or not Evergande’s default could spill over into the rest of the real estate market. The real estate industry in China has grown rapidly over the last few decades and Evergrande has been at the forefront of that...
