News Snapshot:
Beijing (AP) — In an attempt to dispel the fears of the financial crisis, some Chinese banks owe real estate developers suffering from less than $ 310 billion in debt, saying they can deal with potential defaults. I am disclosing things. The announcement promises the Evergrande Group to discuss with some retail investors who have purchased debt and confirms whether creditors will intervene in Beijing to oversee restructuring to prevent financial turmoil. It was done when I was waiting. Evergrande’s struggle to meet government-imposed debt limits has raised fears that defaults may disrupt the Chinese economy or global financial markets....
