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Interview I China Property Moguls Use Billions of Their Own Cash on Rescues I Zhiwu Chen

Interview I China Property Moguls Use Billions of Their Own Cash on Rescues I Zhiwu Chen

Posted on Tuesday, November 23, 2021

Billionaire owners of Chinese developers have dipped into their own pockets for at least $3.8 billion to save their troubled companies from default, as a cash crunch engulfs the industry. Zhiwu Chen, director of the Asia Global Institute, shares more insights on personal and company assets in the developing Evergrande situation in Bloomberg.

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