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Is Evergrande in Trouble
Is Evergrande in Trouble
Evergrande has aggressively grown to become one of the largest Chinese companies by borrowing over $ 300 billion. Last year, Beijing introduced new rules to control the amount owed by large real estate developers. The new measures resulted in Evergrande offering its properties at substantial discounts to ensure the money flows to keep the business afloat. It is now struggling to pay the interest on its debts. This uncertainty has seen the Evergrande share price fall by around 80% this year. Its bonds have also been downgraded by international rating agencies.
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Latest News, Live Breaking News, Politics, World, Business, Sports, Bollywood, Hollywood.
Latest News, Live Breaking News, Politics, World, Business, Sports, Bollywood, Hollywood.
Your trusted source for breaking news, analysis, exclusive interviews, headlines, and videos at newscafe247. Latest News Headlines and Live Updates - News Cafe 247 Covers all latest and breaking news on Politics, Business, Sports, Bollywood, technology & health from round the globe. Know more to get Latest and breaking news from world. Today's Top India News Headlines, news on politics and government, Business News, Bollywood News and Current Affairs. News Headlines, Breaking News and; Latest News from India and World, News from Politics, Sports, Business, Arts and Entertainment.Read valuable articles like Steps to motivate yourself when in depression and find out the soultion as well. Set some goals and with the help of practice, achieve it.
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