Evergrande Fallout Seen in Unpaid Bills for Small Chinese Firms
- Small suppliers vulnerable to not getting paid by developers
- Sentiment has plunged to lowest level since May 2020
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The defaults and slow-moving crises of companies in China’s property sector isn’t just hurting bond-holders and people waiting for their apartments - thousands of small suppliers of everything from tiles to cleaning services are waiting to get paid by the likes of China Evergrande Group.
Feng Guoxun’s company is one such supplier.