Thursday, November 11, 2021

China's Evergrande avoids default for 3rd time in a month with last minute cash scramble

Evergrande logo

Cash-strapped developer China Evergrande Group once again averted a destabilizing default with a last minute bond payment but the reprieve did little to alleviate strains in the country's wider property sector.



source https://www.cbc.ca/news/business/evergrande-debt-default-1.6245464?cmp=rss

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