Evergrande Default
Its not a Lehman moment but its still a very big deal. Chinese construction giant Evergrande looks set to default on its 300 billion of.
The worlds most indebted property developer has been scrambling to pay its suppliers and warned investors twice in as many weeks that it could.
Evergrande default. Evergrande is once again warning that it could default on its huge debts as it struggles to cut costs or find anyone to buy some of its assets.
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