Posted inChina

China central bank: Evergrande risks ‘controllable’

China’s central bank said Friday that the risk of spillover from embattled property giant Evergrande to the financial sector was “controllable,” breaking its silence on the company’s debt troubles, state media reported. Concerns are mounting that the cash crunch at Evergrande – which is struggling with more than US$300 billion in liabilities – could lead […]

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