N. Korea may stage military parade to mark Victory Day as early as midnight
22% of TikTok users reported getting news from the app.
The Federal Reserve warned of direct risks to the U.Beijing Two major Chinese property firms have defaulted on $1.
Chinese borrowers had defaulted on a record $10.6 billion worth of bonds to overseas creditors.struggling for months to raise capital to pay off $300 billion in debt.
The logo of Evergrande Group is seen on the companys headquarters in Shenzhen.As 60 Minutes correspondent Lesley Stahl reported recently.
pay contractors and meet both domestic and foreign repayments.
Real estate is an important sector of the Chinese economy.Treasury Secretary Janet Yellen told CBS News Face the Nation moderator Margaret Brennan in November.
a smaller property company but one of Chinas most indebted.at least 10 lower-rated real estate firms have now defaulted on onshore or offshore bonds since the summer.
is part of a wider rollback of free market policies in China.stock markets in the West have been anticipating the news and are less likely to be rocked.