Evergrande China Debt
Shares in the embattled Chinese property giant Evergrande have slumped again after two credit downgrades in as many days amid concerns that it will default on parts of its massive 300bn debt. China Evergrande is struggling with more than 300 billion in debt.
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At its Shenzhen headquarters angry suppliers and investors demand.
Evergrande china debt. Evergrande is faced with more than 300 billion in debt hundreds of unfinished residential buildings and angry suppliers who have shut down. This is not normal said Jennifer James an investment manager at Janus Henderson Investors who estimates that Evergrande has more than 300 billion in debt.
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