These numbers show just how big a headache Evergrande is for China ...Middle East

After seeming to ignore the troubles of indebted Chinese real estate developer, Wall Street woke up to its likely default on its bond interest payments this week.Evergrande is struggling to manage its over $300 billion in liabilities including loans from Chinese banks and onshore and offshore bonds, as well as amounts owed to suppliers. The looming likelihood of it defaulting on interest payments due Thursday (Sept. 23) led Hong Kong’s Hang Seng Index to drop more than 3% on Monday while the Dow Jones Industrial Average closed down more than 600 points. While concerns about the Fed’s tapering also played a role in the US selloff, worries about Evergrande’s problems hurting China’s real estat

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