Chinese Property Developers Encounter Intensifying Clashes Over Domestic Construction and Wage Arrears

Protesters seeking payment from China Evergrande Group gather as police officers stand guard outside the Evergrande International Center in Guangzhou, Guangdong Province, China, on Jan. 4, 2022. David Kirton/Reuters

Embattled developer Evergrande’s failure to meet its debt payments has set off a chain reaction in the property sector in China.

Multiple Chinese property developers in different parts of China are experiencing defaults in construction and wage payments as well as overseas and domestic bonds and debts.