Chinese developer warns it might not pay US$400 million bond

A security guard stands on duty at the gate of a real estate project under development by Kaisa Group Holdings in Hangzhou in eastern China's Zhejiang province on Jan. 16, 2015. (Chinatopix via AP) A security guard stands on duty at the gate of a real estate project under development by Kaisa Group Holdings in Hangzhou in eastern China's Zhejiang province on Jan. 16, 2015. (Chinatopix via AP)