AFP

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Struggles Facing China’s Evergrande Not Panicking Markets – Yet

Struggles Facing China’s Evergrande Not Panicking Markets – Yet

Debt-crippled Chinese real estate giant Evergrande’s troubles are being watched closely by foreign investors, but markets do not seem to fear a major contagion, at least so far. With a debt load of $300 billion, the threat of bankruptcy is real, especially as Evergrande hinted on Tuesday that it may not be able to pay its creditors.