Beyond the Evergrande unrest, a sluggish Chinese economy


Source: newsrust.com newsrust.com

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BEIJING – Global markets have anxiously watched a huge, heavily indebted Chinese real estate company flirt with default, fearing a collapse could spill over into the international financial system. China Evergrande Group, the developer, said on Wednesday it had reached a deal that could give it some breathing space from paying a bond due the next day. But this murky arrangement does not respond to the broader threat to Beijing’s key leaders and the global economic outlook: China’s growth is slowing and the government may need to redouble its efforts to rekindle it. Retail sales were much weaker than expected...