China’s Real Estate Giant Evergrande Narrowly Dodges Default for Third Time in 30 Days

China's Real Estate Giant Evergrande Narrowly Dodges Default for the Third Time in 30 DaysIn mid-September China’s Evergrande Group, the country’s second-largest property developer by sales, sparked fear in the global economy as the company’s market valuation plummeted to an 11-year low. Global economists have warned that if Evergrande defaults on its debts, it could start a credit contagion similar to the Lehman Brothers bankruptcy in 2007. So far, […]
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Author: toutiao