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Month: October 2021

China’s central bank says Evergrande risks ‘controllable’

BEIJING (AP) — China’s central bank says financial risks from China Evergrande Group’s debt problems are “controllable” and unlikely to spill over, amid growing investor concerns that the crisis could ripple through other developers. Evergrande is the world’s most indebted developer, with over $300 billion in liabilities. The company has missed a third round of

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China’s central bank says Evergrande risks ‘controllable’

BEIJING (AP) — China’s central bank says financial risks from China Evergrande Group’s debt problems are “controllable” and unlikely to spill over, amid growing investor concerns that the crisis could ripple through other developers. Evergrande is the world’s most indebted developer, with over $300 billion in liabilities. The company has missed a third round of

Continue Reading