Evergrande worries global investors 'sheerly because of its size'
The impending collapse of Chinese property giant Evergrande is worrying investors around the globe "sheerly because of its size", according to Oanda's Chief Market Analyst Craig Erlam. If the firm does default on its $300 billion debt load, the ramifications could spread beyond the region. Erlam says that the Chinese government has a delicate balance to tread as it decides whether to offer a rescue package.
>> Evergrande’s collapse would have ‘profound consequences’ for China’s economy
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