The main unit of major Chinese property developer Evergrande Group said Wednesday that it will make a coupon payment on bonds due Thursday amid mounting fears that the firm would soon go into default.Financial market participants had become worried that a possible bankruptcy of Evergrande, whose liabilities have swelled to around 2 trillion yuan ($309 billion), could cause another global financial crisis like the one of 2008.But it remained unclear whether the Chinese company, which owns a popular soccer club in the country, can completely avoid default risk, given that it must continue to …READ FULL ARTICLE
