Costly loans from China's shadow banking sector stymie Evergrande's deleverage drive

Costly loans from China's shadow banking sector stymie Evergrande's deleverage drive

Reuters

China Evergrande Group has taken to seeking loans at above-average interest rates in the shadow banking market, where caution even there over its cash flow hints at an increasingly fraught effort to reduce the property sector’s biggest debt.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter