Inspirational Quotes: Sundar Pichai, James Gleick And Others

Read inspirational quotes about adding to your knowledge, enjoying your life's path and embracing diversity. Read More...


Evergrande’s debt revamp to provide roadmap on tackling China property crisis

China Evergrande Group, the world’s most indebted developer, is expected to announce this week a debt restructuring plan that will not only determine its future but also indicate how Beijing plans to overcome a deepening property sector crisis. With more than $300 billion in debt, Evergrande has been at the centre of China’s property quagmire since last year as the company struggled to repay suppliers, creditors, and investors in wealth management products after Beijing launched measures to control developers’ high debt levels. The liquidity squeeze at Evergrande, whose entire $22.7 billion worth of offshore debt including loans and private bonds is deemed to be in default, subsequently engulfed other Chinese developers as their credit conditions deteriorated, and drove several smaller firms to defaults.

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