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Embattled Evergrande warns of growing default risks as pressures mount

Summary by Reuters
Cash-strapped property group China Evergrande Group (3333.HK) said on Tuesday it has engaged advisers to examine its financial options and warned of default risks amid plunging property sales, sending its stock and bond prices sharply lower.

Bias Distribution

  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left

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Reuters broke the news in United Kingdom on Tuesday, September 14, 2021.
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