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Global financial crash: China Evergrande secures payment lifeline | City & Business

The embattled company has faced several bond repayment deadlines but has secured approval to delay the repayment of one of its bonds from bondholders. Evergrande has accumulated debts of up to £226.9billion but will now delay the payment of a $157million (£114million) January 2023 bond. Evergrande’s main developer, Hengda Real Estate Group said it had […]

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