Chinese property giant Evergrande warns again that it could default on its enormous debts
CNN
Evergrande is once again warning that it could default on its huge debts as it struggles to cut costs or find anyone to buy some of its assets.
The embattled Chinese property giant has already warned in recent weeks of its cash crisis, listing $300 billion in total liabilities and saying that it could default if it's unable to raise money quickly.
Should that happen, the effects would be felt across China's banking system and the wider economy. The group has already suspended work on some projects as it tries to conserve cash, a move that's poised to hit China's property sector.
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