China investment opportunities amid uncertain times
Add BT as a preferred source
It never rains but it pours.
THINGS seem to be worsening for China. Having been embroiled in a regulatory storm for much of 2021, the focus has since shifted to the looming default of China Evergrande, with its well-publicised debt woes dominating headlines.
The latest debt test for Evergrande - at the time of writing - involves the maturity of a US$260 million bond issued by Jumbo Fortune Enterprises which is guaranteed by Evergrande. Amid other coupon payments, it remains unresolved, leading to further uncertainty over Evergrande's full debt load and its ability to repay them.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
