Chinese developer Zhongliang seals bond repayment extension as liquidity woes continue

Chinese developer Zhongliang seals bond repayment extension as liquidity woes continue

Property in Beijing. Photo: Bloomberg

A mid-sized China property firm on Tuesday became the latest in a series of peers to scramble for, and win, bondholders’ consent to delay repayment to avert crisis in one of the primary engine of growth for the world’s second-biggest economy.

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