The United States is calling for quicker progress on restructuring the debts of highly indebted countries under the Common Framework agreed last year by the Group of 20 economies and the Paris Club, a senior Treasury official said Wednesday.
Modern Land has missed a bond payment, the latest Chinese property developer to do so, adding to worries about wider effects of the debt crisis at behemoth China Evergrande Group and dragging on shares in the sector.
Creditors of China's HNA Group have voted to approve the company's restructuring plan, according to a court comment posted on HNA's official WeChat page on Saturday.
China Evergrande Group has supplied funds to pay interest on a dollar bond, a person with direct knowledge of the matter said on Friday, days before a deadline that would have seen the developer plunge into formal default.