Debt contagion

Investors are confronting the growing possibility that highly indebted Chinese property developer Evergrande Group will default, a debacle that could cascade across global markets. Evergrande counts big names among its investors, including Allianz and BlackRock. Last week, the company said its liquidity issues, including delayed payments to suppliers, meant projects were being suspended. The news has exposed the perilous state of China’s heavily leveraged property sector, which makes up more than 28% of its economy. Financial Times

0.61 2.12 1.78 40.5 2.5 10.4 10.3 -4.1 10.3 32.6 108.04 145.01 7.30 2.56 44.39 58.41 55.67 -0.54 1.44 -2.99 9.1 -8.7 16.3 31.4 11.9 19.1 94.0 163.33 54.48 7.37 6.72 44.54 54.46 51.65