(Bloomberg) Chinese builder Powerlong Real Estate Holdings Ltd. has defaulted on one of its dollar bonds as it struggles with sluggish sales and worsening liquidity. Most Read from BloombergSaudi Arabia Offers Iran Investment to Blunt Gaza WarCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Henry Kissinger, Secretary of State in 1970s Crises, Dies at 100These Are the World's Most Expensive Cities to Live In Right NowBill Ackman Bets Fed Will Cut Interest Rates as Soon as First Qu