Chinese central bank addresses the Evergrande crisis
China's central bank finally broke its silence on the ongoing debt crisis faced by the China Evergrande Group. The bank called the situation
By Yashasvini Razdan
Published - Oct 15, 2021, 10:54 PM ET
Last Updated - Jul 04, 2024, 12:17 AM EDT
By Yashasvini Razdan, 12:15 PM ET
-- The Evergrande Group missed its October 11 deadline to pay investors in U.S. dollar-denominated debt
-- PBOC official Zou Lan said that the situation was "controllable"
