The developer has tried for months to signal that its $300 billion debt problem was under control. But the challenges keep mounting.
Author: ALEXANDRA STEVENSON and CAO LI
China Evergrande Has Defaulted on Its Debt, Fitch Says
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.
China Calls on ‘Little Inoculated Warriors’ in Its War on Covid-19
The country regards children as crucial in its quest for herd immunity, but some parents, worried about the vaccines’ safety, are pushing back.
China’s ‘Zero Covid’ Efforts Come With a Cost
The Communist Party is making broad efforts to stamp out the disease entirely, but the measures come with costs.
Evergrande Crisis Shows Cracks in China’s Property Market
Experts are making increasingly grim predictions about the developer’s ability to hold on without a government bailout, and the consequences of a possible collapse.
China Suspends Ultramarathons After Death of 21 Runners
Some relatives of the runners who died in an recent race are quietly asking whether their loved ones could have been saved.
Chinese Ultramarathon: A Survivor Describes the Deadly Race
After 21 runners died when high winds and freezing rain struck an ultramarathon race, one competitor said he survived only because a shepherd carried his unconscious body to shelter.
Chinese Ultramarathon: 21 Runners Dead After Extreme Weather Hits Event
The 62-mile mountain race in Gansu Province left athletes in shorts and T-shirts facing freezing rain, hail and high winds.