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China still needs a functioning offshore U.S.-dollars bond market, says BOCOM International

Evergrande has tried to be the top property developer in China for the past few years and used high interest rates to leverage its expansion. But as housing prices are not surging and property sales plunging, Evergrande has landed itself in trouble, according to Hao Hong from Bank of Communications International.
Fri, Sep 24 20212:09 AM EDT