Expert: CCP Will Let Evergrande Default

On Wednesday, Evergrande said it'll pay interest to a domestic bond due on Thursday, but it didn't give plans about a separate dollar-denominated bond.

Rating agency S&P Global has called the company the world's most indebted real estate developer.

Its struggle to pay back debt has prompted fears a default might cause global shock waves. But economists say the risk of global market contagion is low.

NTD spoke with Derek Scissors, senior fellow at the American Enterprise Institute, about the potential fallout from the China Evergrande story.

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