Chinese Property Developers Face Deepening Debt Crisis as Evergrande Restructuring Stalls

Country Garden, another major Chinese developer, may announce a debt restructuring soon after missing bond payments.

Evergrande bondholders raised concerns about potential liquidation as its restructuring plan failed regulatory requirements.

Evergrande faces investigations into its founder and inability to issue new debt needed for restructuring.

Bondholders urged Evergrande to resolve regulatory issues to allow restructuring to proceed.

China has rolled out measures to support the property sector, but more may be needed amid weak sales growth.