Evergrande debt setback drags China developers to five-month low ...Qatar

A worsening crisis in China’s real estate sector is dragging industry shares to the lowest in almost five months, with home sales slumping further and new setbacks spreading at the nation’s most indebted developer. A Bloomberg Intelligence index of developer stocks dropped as much as 2.3% to the lowest level since March 16, before paring. Guangzhou R&F Properties Co and Country Garden Holdings Co led the declines, each losing about 4%.  The industry’s outlook turned darker after data showed home sales extended a plunge amid a widening mortgage boycott, while China Evergrande Group failed to unveil a preliminary restructuring plan by the end of July as it had long promised. Investor mood als

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