Chinese real estate group Evergrande's $300 Billion debt share could cause global economic collapse Reader 10/12/2021 (Tue) 22:56:33 Id: 4dd5c0 No.17841 del
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>Shares in the embattled Chinese property giant Evergrande have slumped again after two credit downgrades in as many days amid concerns that it will default on parts of its massive $300bn debt pile.

>Evergrande, which is one of the world’s most indebted companies, has seen its shares tumble 75% this year. They fell by almost 10% on Thursday morning before recovering on reports that the authorities may allow the company to reset its debt terms.

>Shares in the embattled Chinese property giant Evergrande have slumped again after two credit downgrades in as many days amid concerns that it will default on parts of its massive $300bn debt pile.