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
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.