Salem Radio Network News Wednesday, December 8, 2021

Business

China tells Evergrande to avoid near-term dollar bond default -Bloomberg Law

(Reuters) – Financial regulators in Beijing issued a broad set of instructions to China Evergrande Group, telling the embattled developer to focus on completing unfinished properties and repaying individual investors while avoiding a near-term default on dollar bonds, Bloomberg Law reported on Thursday.

(Reporting by Aakriti Bhalla in Bengaluru; editing by Jason Neely)

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