Fitch warns an Evergrande default may have broad China economic effects NewsBreak


Source: newsbreak.com newsbreak.com

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HONG KONG (Reuters) -Rating agency Fitch said that numerous sectors could be exposed to heightened credit risk if China’s No.2 property developer Evergrande Group were to default, although the overall impact on the banking sector would be manageable. Evergrande is scrambling to raise funds to pay its many lenders and...