China’s most indebted group has admitted — for the first time — that it may default on some of its borrowings. Local developer Evergrande once seemed to have no lack of fallback options in the event of a liquidity crisis. Recent events have undermined those assumptions.
中國債務負擔最重的集團首次承認，它可能會在部分債務上違約。本土開發商恒大(Evergrande)一度貌似不缺應對一場流動性危機的后備選項。近期事件削弱了這些假設。
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