Investors await Evergrande's overdue $148m payment as debt woes swell

Investors await Evergrande's overdue $148m payment as debt woes swell

FILE PHOTO: An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip/File Photo/File Photo

Concerns mounted about a deepening liquidity crisis in the Chinese property sector on Wednesday ahead of a deadline for cash-strapped China Evergrande Group to make an offshore bond coupon payment.