ABC News (Australia) published this video item, entitled “Evergrande shares soar as trading in crisis-hit China firm resumes | The World” – below is their description.
The world’s most heavily indebted real estate developer, Evergrande, has seen its stocks soar despite its chairman being investigated on suspicion of criminal activity. Hui Ka Yan was last week placed under police surveillance and the company’s stocks were suspended from trading. Bloomberg’s Asia government and economy correspondent Rebecca Choong Wilkins tells The World despite the share price bump, it’s coming off a very low base.
ABC News (Australia) YouTube Channel
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