Evergrande Debt

Written By margueritemarionlfbai Tuesday, September 21, 2021 Add Comment Edit

Evergrande is faced with more than 300 billion in debt hundreds of unfinished residential buildings and angry suppliers who have shut down. The troubles of Chinese conglomerate Evergrande have dominated headlines in recent days after it warned once again that it could default on its astronomical debt.

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Evergrandes debt crisis is continuing to unsettle investors in Asia and raising concerns about whether a potential default by the troubled.

Evergrande debt. Shares in the embattled Chinese property giant Evergrande have slumped again after two credit downgrades in as many days amid concerns that it will default on parts of its massive 300bn debt.

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