Business

Evergrande’s Cash Problem is Now Beijing’s Political Problem

Indebted property developer China Evergrande is fighting the protests of disgruntled investors. Cries from patrons of its residences might develop even louder.

Particular person traders protested exterior Evergrande’s headquarters Monday as some wealth-management merchandise backed by the developer didn’t pay out on time. Movies of the protests have gone viral on Chinese language social media. Evergrande stated Tuesday that two of its subsidiaries didn’t discharge their obligations as guarantor for round 934 million yuan, the equal of $145 million, of wealth-management merchandise issued by third events.

https://www.wsj.com/articles/evergrandes-cash-problem-is-now-beijings-political-problem-11631618922?mod=rss_markets_main | Evergrande’s Money Drawback is Now Beijing’s Political Drawback

Apktada

Fry Electronics is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

ten + 15 =

Back to top button