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.
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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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