China property developer woes have not fallen off the radar. Bloomberg (gated) with an update:
China’s fourth-largest developer by sales is approaching a possible default
the sector’s liquidity crisis shows no sign of easing despite government vows of suppor
Some of Country Garden Holdings Co.’s dollar bonds were poised for their biggest drops in two months.
Sunac China Holdings Ltd.’s grace period to make a dollar-bond interest payment ends Wednesday,
Failure to do so could trigger cross-default on other offshore debt, the bond’s prospectus shows.