Evergrande News China
Last but certainly not least is Chinese real estate giant Evergrandes story. The main property unit of Chinese real estate giant Evergrande has said it has struck a deal over a bond interest payment which is due on.
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The issue surrounding Evergrande Chinas second-largest property developer by sales is that it cannot pay back its massive loans.
Evergrande news china. While Evergrande is small relative to the financial system in China members noted a financial stability risk from spillovers to other developers and financiers if the resolution of Evergrande. It dominated the financial news cycle in the last week and also impacted crypto markets. The real estate giant.
Evergrande is an economic time bomb for China and potentially Australia China is potentially facing their Lehman Brothers moment and the consequences could be huge for Australian house prices.
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