Chinese Developer Fantasia’s Missed Bond Payment Indicates Political Struggle: Analyst

Then Chinese Vice President Zeng Qinghong attends the second plenary session of the annual National People's Congress, or parliament, at the Great Hall of the People on March 9, 2006 in Beijing, China. Andrew Wong/Getty Images

News analysis

As the default of Chinese property developer Evergrande looms, with $300 billion in liabilities in question, Chinese real estate developer Fantasia has just missed a bond payment deadline.