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Evergrande Misses Bond Payments Again

More companies in the Chinese property sector are now caught up in debt. And the poster child for the sector’s woes, Evergrande Group, has missed its third round of bond payments in a matter of weeks. More floods strike northern China. Heavy rain caused one river to overflow, drowning a dozen nearby towns. As for farmers, many are hard at work trying to rescue their harvests and livestock from water damage. Armed with sub-par equipment, some have resorted to manual labor. China limits video game access for children to three hours a week. But some may have already found ways to bypass the rule. In Taiwan, more deaths have been reported in those who got vaccinated than from the pandemic itself. Subscribe to our YouTube channel for more first-hand news from China. For more news and videos, please visit our website and Twitter.

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