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Evergrande risks 'controllable,' PRC central bank says

Financial risks from debt problems of China’s Evergrande Group’s (恆大集團) are “controllable” and unlikely to spill over, the People’s Bank of China said on Friday, amid growing investor concerns that the crisis could ripple through other developers. Evergrande is the world’s most indebted developer, with more than US$300 billion in liabilities. The company missed a third round of interest payments on its offshore bonds last week, spooking investors globally and sparking concern...
Hong Kong Chinese Ministry Of Housing China Vanke Co China Real Estate Association People Bank Holdings Group Co

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