By JOE McDONALD, AP Business Writer BEIJING (AP) — A Chinese developer that is struggling under $310 billion in debt warned Friday it may run out of money to “perform its financial obligations” — sending regulators scrambling to reassure investors that China’s financial markets can be protected from a potential […]
Struggling
By JOE McDONALD, AP Enterprise Author BEIJING (AP) — A key Chinese authentic estate developer whose battle to keep away from defaulting on billions of bucks of financial debt rattled money markets claims it has termed off the sale of a $2.6 billion stake in a subsidiary and has created […]