News Snapshot:
Beijing – To dispel the fear of a financial crisis, some Chinese banks disclose what real estate developers suffering from debt of less than $ 310 billion owed, saying they can deal with potential defaults doing. 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. Rating agencies say it’s likely...
