Evergrande News
Evergrande reportedly owes money to around 171 domestic banks and 121. The stock has shed 80 of its value this year.
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The financial fallout would be far reaching.
Evergrande news. The third is the potential impact on Chinas financial system. Evergrande the Shenzhen-based company is facing a default on its debt. Evergrande shares plunged almost 12 Tuesday to 297 Hong Kong dollars 038 its lowest level since December 2014.
A debt crunch involving Chinas second largest properly developer has caught investors attention in the past week.
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