KWG Group In China Fails Payment

On May 16, 2023, at 6:26 AM, a blog post was written. The post had complex sentences and was difficult to understand. To make it easier to read, the post was rewritten in free English. Short sentences were used to make it clearer and more understandable.

Chinese developer KWG Group Holdings Ltd. defaulted on its dollar bonds. This has raised doubts about the effectiveness of state help for their struggling real estate sector. Lorretta Chen discussed this on Bloomberg Television. KWG had previously sold a state-guaranteed onshore note in January.