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Evergrande and the economy of China
The Duran: Episode 1098
Evergrande Rocked By WSJ Report China “Making Preparations For Its Demise”, Conflicting With Earlier Bloomberg Report
Evergrande Rocked By WSJ Report China “Making Preparations For Its Demise”; EV Unit Stops Paying Staff, Suppliers
Update (0810ET): Piling on to the chaotic swings in Evergrande, Bloomberg reports that the embattled property developer’s electric-car unit has missed salary payments to some of its employees and has fallen behind on paying a number of suppliers for factory equipment, according to people familiar with the matter.