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China's Evergrande scrambles to avoid new default, Shimao hoists 'for sale' sign

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Shimao's Default Deepens Concerns Over Cash Crunch in Chinese Real Estate Industry

Shimao defaulted on a $103 million loan payment last week, triggering rating agencies S&P and Moody's to downgrade its rating into the junk category. ....

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Shimao puts residential projects on sale as China property woes deepen

By Clare Jim HONG KONG (Reuters) -Shimao has put all its projects on sale, local media reported, as Chinese property developers face mounting pressure. ....

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Developer Shimao's fire sale, new rating cuts keep China property on edge

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