One more Chinese company on verge of default

17:43 - 5 October 2021

October 5, Fineko/abc.az. As the risks in China's real estate sector grow, the crisis is also increasing.

ABC.AZ reports with reference to the foreign media that another Chinese company, after Evergrande, a real estate & construction giant with debts of $300 bn, is on the verge of a financial crisis.

Thus, Fantasia Holdings, with annual income of $3 bn, was unable to repay bonds in the amount of $205.7 million.