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Chinese Real Estate Market collapsing? (Source)
![Major Chinese Builder Sunac Fails to Make Bond Interest Payment - BNN Bloomberg](https://www.bnnbloomberg.ca/polopoly_fs/1.1764708!/fileimage/httpImage/image.png_gen/derivatives/landscape_620/apartment-buildings-at-the-magnolia-mansion-residential-project-developed-by-sunac-china-holdings-ltd-in-shanghai-china-on-friday-jan-14-2022-sunac-china-holdings-ltd-bonds-resumed-their-slide-and-shares-fell-after-the-embattled-real-estate-giant-raised-580-million-in-a-top-up-stock-sale-to-fend-off-a-liquidity-crisis-photographer-qilai-shen-bloomberg.png)
One of the largest Chinese real estate developers Sunac has defaulted on dollar bonds payment.
🇨🇳 Sunac joins Chinese real estate companies like Evergrande, Fantasia, Modern Land, Kaisa Group Holdings etc. – all of them are not able to pay their debt back.