China's property sector crisis has deepened. After reports came that another property giant Shimao had to put all of its projects up for sale and Evergrande attempted another high-profile default.

China: Property giant Shimao had to put all of its projects up for sale

Evergrande groups offshore bondholders are now concerned that it is now close to defaulting on debt payments and wants more clarity and transparency.

World Business Watch: Evergrande woes hit China property bonds

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China: Property giant Shimao had to put all of its projects up for sale

World Business Watch: Evergrande woes hit China property bonds