I wonder if China will bail out the country's No.2 property developer.

“S&P Global Ratings also downgraded the developer, saying its liquidity and funding access “are shrinking severely.” Earlier this week, Chinese authorities told major lenders that the firm won’t be able to meet interest payments on loans due Sept. 20, according to people familiar with the matter. That came after the firm hired advisers for what could be one of the country’s largest-ever debt restructurings.” -Bloomberg