China evergrande news - China courts freeze $157 mln of Evergrande assets over missed construction payments

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Evergrande defaults on $1.2B in foreign bonds, Fitch says, as China intervenes in debt

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Those moves have boosted investor sentiment towards Chinese property stocks in the last couple of days, with Evergrande stock rising as much as 17 percent on Wednesday.

  • Evergrande's troubles first surfaced in the summer when it made clear how heavily leveraged the firm had become.

  • A slowdown in the Chinese real estate sector, which accounts for a significant proportion of the country's economic output, could have ripple effects on global growth.

China Evergrande Braces for Debt Deadline after Doubting Ability to Pay

But its default will do little to calm investor nerves.

  • Read more What happened to Evergrande? Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.

  • China Securities Journal reported that were among those which attended.




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