China Evergrande Unable to Pay Wealth Products Due to Cash Crunch

China Evergrande Group’s money management arm said it couldn’t make payments for investment products this month due to a liquidity crunch. #press

https://www.bloomberg.com/news/articles/2023-08-31/china-evergrande-unable-to-pay-wealth-products-in-cash-crunch?utm_source=press.coop