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Evergrande seeks to reassure investors | DW Business
Posted
September 23, 2021
Views
92,632
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1,098
Comments
379
Engagement
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September 23, 2021
92,632
1,098
379
1.59%
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6:43Now PlayingChina's Evergrande has bought itself a lifeline by agreeing to make a $36 million dollar interest payment due to domestic lenders on Thursday. That was enough to calm global markets that have been rocked this week by the Chinese property giant's debt crunch. And more importantly, it buys Evergrande some time to find a way out of a full-on collapse that could wreak havoc on the Chinese economy.
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