LONDON—International investors that have been piling into China in recent years are now bracing for one of its great falls as the troubles of over-indebted property giant China Evergrande come to a head.
The developer’s woes have been snowballing since May. Dwindling resources, set against $305 billion of liabilities, have wiped nearly 80 percent off its stock and bond prices. An $80 million bond coupon payment now looms next week.
