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Thursday, September 30, 2021

Evergrande committed to Hengchi car brand despite financial woes

Hengchi 1 - 2021 Shanghai auto showAnyone with even a passing interest in financial news has by now probably heard of Evergrande Group and its cash troubles. The Chinese property developer has debts of over $300 billion and has struggled to raise funds to pay back interest on some of its bonds. This cash crunch has put into doubt Evergrande's chances of successfully launching new...

from Motor Authority https://ift.tt/3kTmymE

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