The firm says that it is unable to make payments on two bonds due early April due to liquidity pressure and that it is discussing repayment extension
The firm says that it is unable to make payments on two bonds due early April due to liquidity pressure and that it is discussing repayment extension with creditors soon. The full release can be found here.
The domino effect continues ever since the Evergrande saga and this will continue to keep pressure on the Chinese economy through the year at least.
www.forexlive.com