China police detain some Evergrande wealth management staff
Sunday, 17 September 2023
Evergrande, the world's most indebted property developer, is currently undergoing a debt restructuring process and has delayed a decision on offshore debt restructuring. Moody's recently downgraded the outlook on China's property sector to negative due to economic challenges that could hinder sales despite government support.
Evergrande, the world's most indebted property developer, is currently undergoing a debt restructuring process and has delayed a decision on offshore debt restructuring. Moody's recently downgraded the outlook on China's property sector to negative due to economic challenges that could hinder sales despite government support.
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