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Friday, September 24, 2021

China Evergrande auditor gave clean bill of health despite debt


China Evergrande auditor gave clean bill of health despite debt



Last year as China Evergrande Group’s stock and bond prices seesawed, it offered deep discounts to keep sales growing during the pandemic and the government effectively said it had borrowed too much.

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Government borrowing in August highest since Covid

Higher spending on public services and benefits led to a rise in government borrowing, figures show. from BBC News https://ift.tt/ROndpUX