London Daily

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Tuesday, Jan 25, 2022

China’s Evergrande averts default with last-minute bond payment, resumes work on 10 projects

China’s Evergrande averts default with last-minute bond payment, resumes work on 10 projects

Chinese property developer Evergrande evaded default this week with a last-minute bond coupon payment, which bought the company another week to deal with its $300 billion debt crisis.
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