There are concerns that the crisis at embattled China Evergrande could spill over into the wider economyHONG KONG - Chinese developer Evergrande will resume trading in Hong Kong on Thursday, it said in a filing, but warned there was"no guarantee" it would be able to meet its financial obligations.
Figures on Wednesday showed that the cost of new homes in 70 large and medium-sized cities saw a small decrease in September, the National Bureau of Statistics said without giving a precise percentage, though Bloomberg calculations found they dropped by around 0.08 percent.Prices in the secondary market slipped 0.19 percent, a second monthly fall, Bloomberg said.
The biggest casualty of the crackdown has been Evergrande, which is teetering on the brink as it struggles under debts of more than $300 billion. Several domestic property rivals have in recent weeks already defaulted on debts and have seen their ratings downgraded.
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