Default fears have continued to stalk the China Evergrande Group despite efforts by its chairman to lift confidence in the embattled firm. The Evergrande Group, one of China’s biggest real-estate developers, owes $305 billion to a number of lenders, with its interest liabilities rising by an average of $28 million daily. A major test for Evergrande comes this week, with the firm due to pay $83.5 million in interest to bondholders relating to its March 2022 bond on Thursday, and another $47.5 million payment due on Sept. 29 for March 2024 notes. Analysts have mostly played down the threat of Evergrande’s troubles becoming the country’s “Lehman moment,” with Beijing so far remaining quiet as one of the country’s worst corporate snafus in modern history unfolds. The million-dollar question at this point is whether the Chinese government will intervene and bail out the giant property developer […]