Business
What could an Evergrande debt default mean for China and beyond? – Al Jazeera English
Will Chinese authorities allow Evergrande’s creditors to suffer major losses, or intervene in some way?
China Evergrande Group is deeply in the red to the tune of $300bn. And concerns are mounting that if it defaults on its debt, it could spell disaster for Chinas property market and send shock waves through the worlds second-biggest economy.
A reckoning…
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