China true estate firm Evergrande Neighborhood narrowly avoids default

China true estate firm Evergrande Neighborhood narrowly avoids default

China property firm Evergrande team paid $83.5 million to worldwide bondholders Friday beautiful hours forward of its time limit, temporarily fighting a default. Chen Zhao, the executive global strategist for Montreal funding agency Alpine Macro, joined CBSN to talk in regards to essentially the most modern on Evergrande’s financial troubles.

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