China’s embattled Evergrande tries to pay bills with parking spots

Angry investors returned to Evergrande’s Shenzhen headquarters to demand their money back, and were met with a heavy police presence

Protests against teetering developer Evergrande spread to more Chinese cities on Wednesday after a company offer of property and parking spaces instead of cash repayments of its debts was rejected by investors.

The fresh demonstration came after an apparent effort overnight by Evergrande to repay debts with promises of property, parking spaces and storage units soured the mood.

Originally published as China’s embattled Evergrande tries to pay bills with parking spots

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