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What to Know as the Latest Evergrande Bond Payment News Sends EGRNF Stock Climbing

Shares are finally rising and investors are happy, but no one should be relaxing just yet

3d ago · By Samuel O'Brient, InvestorPlace Financial News Writer

The end of last week saw global markets tumble as China’s financial system was rocked. When the news broke that real estate conglomerate Evergrande (OTCMKTS:EGRNF) was facing the fallout of a serious lack of liquidly, it sent shockwaves through Chinese markets that quickly spread to the U.S. and Europe. Reports this morning, indicating that the storm might soon pass as external forces step in to quell the crisis, are welcome news to anyone holding EGRNF stock.


Those fears resurfaced this week due to a debt crisis at Evergrande Group, a Chinese real estate developer, making us face a tough question: Will Evergrande’s problems reverberate around the world?
Our reporters answer:
How did this start?
China allowed Evergrande to take on $300 billion in debt—until they didn’t.
Will there be a bailout?
The decision could hinge on a social contagion as well as an economic one.
What’s the impact beyond China?
Everything from jobs at steel mills to stock prices in retirement portfolios could be affected.

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