You know things are bad when a company resorts to fire sales but even rock bottom prices do not attract buyers. Evergrande, the world’s most-indebted property developer, is running out of time. The grace period on its first batch of unpaid offshore bonds ends this week. A formal default would hurt the property sector and help some others.
你知道，當一家公司大甩賣，但即便價格再低也吸引不到買家時，情況就不妙了。全球負債最重的房地產開發商恒大(Evergrande)已經沒有多少時間了。未支付的第一批離岸債券利息的寬限期將于本周結束。正式違約將損害房地產行業，而有益于其他行業。
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