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 CHINA pumps money , evergrande stabilised?

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empyreal
post Sep 18 2021, 11:11 AM

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Elite
2,036 posts

Joined: Feb 2007
From: KL


You do realise that the funds are going into the financial sector to stabilise it, and not to stabilise evergrande right? Essentially to avoid a bank run.

I expect little of this 14 bil will go to evergrande, and in fact i understand that they'll be due for debt payments soon. Bloomberg reported that theyre fire-selling their inventory to pare down debt.

 

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