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Evergrande: who is Xu Jiayin and how he led his company to have a debt of US $300,000 million

Thursday, September 23, 2021

Evergrande: who is Xu Jiayin and how he led his company to have a debt of US $300,000 million

Evergrande is on tenterhooks with its creditors – inside and outside China – its suppliers, its employees and the thousands of families who invested their savings in buying homes and now fear being ruined. "Chinese government officials have been busy intervening and actively working on a feasible restructuring plan," says Zhiwu Chen, director of the Asia Global Institute, in BBC News.

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Author

Zhiwu Chen

Chair Professor of Finance, the University of Hong Kong

Zhiwu Chen

THE ASIA GLOBAL INSTITUTE

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The University of Hong Kong
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