The company holds about 65 of the total debt. In recent years Evergrandes debts ballooned as it borrowed to finance its various pursuits.
Evergrande Wants To Become An Ev Juggernaut But Is 113 7 Billion In Debt
The group has gained infamy for becoming Chinas most.
Evergrande debt amount. As it tries to meet its 2022 goal the company also. Snowed under its crushing debt of 300 billion Evergrande is so huge that the fallout from any failure could hurt not just Chinas economy. Last March Evergrandes debt peaked at RMB 875 billion the highest among developers globally.
Evergrandes debt burden is so large that analysts have warned that risks could spread throughout China.
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