Evergrande Defaults for First Time as China Debt Strains Spread

(Bloomberg) — China Evergrande Group, the Chinese developer whose liquidity crisis has shaken the nation’s credit markets, has defaulted for the first time on dollar debt. Most Read from BloombergThe World’s Relentless Demand for Chips Turns Deadly in MalaysiaSand and Soldiers Mix as Troops Move In to Protect Cancun TouristsAnatomy of a Bad RoadThe 15 Best Beers We Drank This YearFormer Oil Trader Is Now Betting on Lumber for SkyscrapersThe property giant’s long-term foreign-currency issuer def
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