Evergrande Debt Setback Drags China Developers to Five-Month Low.

(Bloomberg) -- A worsening crisis in China's real estate sector is dragging industry shares to the lowest in almost five months, with home sales slumping further and new setbacks spreading at the nation's most indebted developer. The developer at the epicenter of the industry's debt crisis missed a self-imposed deadline to deliver a "preliminary restructuring plan" by the end of last month and instead pledged to announce a specific one within 2022. [Extracted from the article]