Evergrande Debt Problem
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. A spillover of the crisis at China Evergrande Group into other parts of the economy could become a systemic problem warned Jenny Zeng from AllianceBernstein.
Evergrande is faced with more than 300 billion in debt hundreds of unfinished residential buildings and angry suppliers who have shut down.
Evergrande debt problem. Than 300 billion of debt.
Explainer How China Evergrande S Debt Woes Pose A Systemic Risk Reuters
Evergrande Faces Crisis Of Confidence Over 120 Billion Debt Bloomberg
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