Evergrande News

Evergrande reportedly owes money to around 171 domestic banks and 121. Global Business and Financial News.

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The financial fallout would be far reaching.

Evergrande news. Financial news outlet Caixin reported on Sunday that an estimated 40 billion yuan 6 billion in Evergrande wealth management products are outstanding. The third is the potential impact on Chinas financial system. Evergrande faces a debt payment on its offshore bonds on Thursday after it said last week it was facing unprecedented difficulties.

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