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In the News

Chinese Economy - Evergrande teeters

Graham Watson

7th December 2021

The Chinese government has stepped in to announce increases in business lending and to build more affordable property.

But at the same time there were rumours that Evergrande and other Chinese property firms had missed bond repayments, and that there was a need to restructure these and spread them more evenly across the economy if the government want to mitigate the worst case scenario should one of the large companies default.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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