China - #AlJazeeraEnglish #China #Evergrande China pumps $14bn in cash into market amid Evergrande crisis: Al Jazeera English

 

20 September 2021

 

China's Evergrande Group - the world’s most indebted real estate developer - has offered to pay back some of its investors with some of its properties. 

 

 

The company has been struggling to raise funds to pay debts estimated at $300bn. If it fails it could affect China's economy - the world's second-largest - but China pumped more cash into its banking system on Friday to avert a liquidity squeeze. 

 

Al Jazeera's Laura Burdon-Manley reports.  

 

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