Evergrande Losses Sparks Fear of Looming Credit Contagion, Janet Yellen Asks ...

Evergrande Losses Sparks Fear of Looming Credit Contagion, Janet Yellen Asks ...

Global investors have their eyes peeled on the Evergrande Group or the Evergrande Real Estate Group, China’s second-largest property developer by sales. Evergrande Group shares nosedived on Monday dropping to 11-year lows and many analysts and economists are concerned about a possible credit contagion. Credit problems with China’s real estate industry have affected global markets a great deal as European and U.S. stocks have slid during Asia’s overnight. Evergrande Group’s Counterparty Risk and Liquidity Shocks Could Spark a Credit Contagion on a Global....


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