Chinese real estate giants Evergrande and Kaisa continue unloading assets to cover debt

China’s troubled real estate giants Evergrande and Kaisa have continued selling assets to cover enormous debts the companies have each accrued. Evergrande is trying to avoid a collapse under more than US$300 billion worth of liabilities, while Kaisa Group has missed two bond coupon payments due on November 11 and 12, 2021.