China′s Evergrande calms default fears with $36 million debt deal | Business | Economy and finance news from a German perspective | DW | 23.09.2021

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Business

China's Evergrande calms default fears with $36 million debt deal

The Chinese property developer has bought itself a lifeline by agreeing to make a $36 million interest payment to domestic lenders. Evergrande shares surged after five days of heavy losses.

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