China pumps $14bn in cash into market amid Evergrande crisis

4 wochen vor

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. - Subscribe to our channel: - Follow us on Twitter: - Find us on Facebook: - Check our website: #AlJazeeraEnglish #China #Evergrande
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