
China’s Mega Restructure; Trouble in India
The Credit Edge by Bloomberg Intelligence
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What Is Evergrande? And Why Do We Care?
Evergrande is one of China's biggest property developers. The company was founded in 1996 and relied heavily on borrowing to feel its growth. It has defaulted in US dollar bond in May 2021, but creditors are still not in concrete progress with a debt restructuring. Evergrande's own restructuring will be China's largest ever.
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