Reports in Chinese state media say debt-ridden property giant China Evergrande has averted a major default. The company is said to have paid off a more than 80 million dollar debt. The news sent shares of Chinese property companies surging in Hong Kong, easing concerns of a debt-pile meltdown in the sector.
Richard Kimber reports.
IN: The drama
OUT: Richard Kimber, Hong Kong
DUR: 0.50