Image The construction site of an Evergrande development in Shenzhen, Guangdong province, China.Credit…Alex Plavevski/EPA, via ShutterstockEvergrande, the teetering Chinese real estate developer, has three more payments due Monday on its dollar bonds. It’s been about two weeks since the company, which has $300 billion in liabilities, missed a Sept. 23 bond payment, starting the clock on the 30-day grace period before it formally defaults.Cracks are beginning to appear across China’s real estate industry, as the government weighs bailouts of over-indebted developers against a push to curb speculation. Developers have amassed more than $5 trillion in debt, and …
