Thread by @AFP

#BREAKING Chinese property giant Evergrande defaults for first time: Fitch

#BREAKING Chinese property company Kaisa defaults on $400 million debt: Fitch

#UPDATE Two major Chinese property firms have defaulted on $1.6 billion worth of bonds to overseas creditors, Fitch Ratings agency said Thursday, as contagion spreads within the country's debt-ridden real estate sector
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Here is a timeline of #Evergrande's rise to become one of China's biggest developers, demise into one of its worst debtors and, ultimately, default
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