China pumps $14bn in cash into market amid Evergrande crisis

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Al Jazeera English published this video item, entitled “China pumps $14bn in cash into market amid Evergrande crisis” – below is their description.

China’s Evergrande Group – the world’s most indebted real estate developer – has offered to pay back some of its investors with some of its properties.

The company has been struggling to raise funds to pay debts estimated at $300bn.

If it fails it could affect China’s economy – the world’s second-largest – but China pumped more cash into its banking system on Friday to avert a liquidity squeeze.

Al Jazeera’s Laura Burdon-Manley reports.

Al Jazeera English YouTube Channel

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About This Source - Al Jazeera English

The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

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