AllianceBernstein Sees ‘Extreme Stress’ in China Property Market

Jenny Zeng, co-head of Asia Pacific fixed income at AllianceBernstein, discusses the debt woes of China Evergrande Group, its implications for financial markets and the economy. Evergrande has until this weekend to pay an $83.5 million bond coupon. And offshore creditors may seek a standstill and debt talks with the troubled real estate firm if it fails to make the interest payment by a��Saturday��grace period deadline, according to people with knowledge of the matter. Zeng speaks on “Bloomberg Daybreak: Asia.” (Source: Bloomberg)