China’s indebted property firm Evergrande committed two ‘cardinal sins,’ says portfolio manager

China Evergrande has committed “two cardinal sins” which have led to the debt crisis it’s now facing — and investors are “definitely sweating,” according to one portfolio manager. The first “sin” is that the cash-strapped property giant has borrowed too much money, says Matthews Asia’s head of fixed income, Teresa Kong. Evergrande, the world’s most… Continue reading China’s indebted property firm Evergrande committed two ‘cardinal sins,’ says portfolio manager