China Reportedly Mulls Bailing Out Evergrande Developer As Default, Economic Shock Loom

Sep 23, 2021 | EARNINGS

The threat of Evergrande’s bankruptcy has sent shockwaves through Asian and western stock markets with all them plunging into the red on 20 September. The Chinese development giant owes hundreds of billions of dollars to domestic and foreign banks, investors and bond-holders, and its default might prompt a significant drop for the Chinese economy.

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