‘Eerie silence’ as Evergrande misses payment deadline

As debt-laden Chinese property giant enters 30-day grace period, officials look to limit unrest and job losses

The embattled Chinese property developer Evergrande is inching closer to the potential default that investors fear, after missing an interest payment deadline.

The company, which has total debts of about $305bn (222bn), has run short of cash and investors are worried a collapse could pose systemic risks to China's financial system and reverberate around the world.