China’s KWG Group Misses Debt Payment
May 16, 2023
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1:59Now PlayingChina’s KWG Group Misses Debt Payment
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as posted by the channelKWG Group Holdings Ltd., the Chinese developer which sold a state-guaranteed onshore note in January, has defaulted on its dollar bonds, raising doubts about the efficiency of state help for the troubled real estate sector. Lorretta Chen reports on Bloomberg Television.
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