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Evergrande debt crisis threatens Chinese economy and roils world markets
NBC News Clone summarizes the latest on: Evergrande Debt Crisis Threatens Chinese Economy And Roils World Markets 121802309714 - Breaking News | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.
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Evergrande, a massive property development firm with more than $300 billion in debt, has reached a deal with domestic bondholders, but it might not be enough to stop it from defaulting on its other loans. NBC News’ Janis Mackey Frayer has more detailsSept. 23, 2021