What is evergrande crisis?
Evergrande ran up large debts in the last decade as it expanded in China's volatile real estate market, fueling a months-long financial crisis for the company that threatens the whole industry. With hopes of bailouts and grand deals falling through, Evergrande's bonds have dropped to one-quarter of their May price. Foreign PolicyChina: Evergrande Portends Housing Crisis
17 September, 2021 - 05:20am