China Property Giant 'Evergrande' Admits Colossal Debt
Sep 18, 2021
16:29
Property giant China Evergrande Group has said that it cannot sell properties and other assets fast enough to service its massive $300bn debts, and that its cashflow was under “tremendous pressure”. What impact will that have on the local and international property markets?
Gavin McLoughlin asked these questions of Rebecca Choong Wilkins - Journalist with Bloomberg
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