Published
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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#AlJazeeraEnglish #China #Evergrande
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.
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
#AlJazeeraEnglish #China #Evergrande
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