Business

China’s Warning to Evergrande Was Aimed at Fantasia, Too

When the central financial institution breaks its silence, builders hear, whether or not they’re onshore or offshore. In late August, in a uncommon public rebuke, it instructed Evergrande to chorus from spreading “unfaithful” info, following rampant media reviews on numerous potential gross sales of the developer’s property. In a short time, Evergrande put up a press release on its web site, confessing rumors of it promoting 65% of its EV subsidiary to Xiaomi Corp. had been not true. It had reached out to the smartphone maker however the two sides didn’t maintain substantial discussions, stated the corporate. 

https://www.washingtonpost.com/enterprise/vitality/chinas-warning-to-evergrande-was-aimed-atfantasia-too/2021/10/17/c474dae4-2f9e-11ec-8036-7db255bff176_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | China’s Warning to Evergrande Was Aimed toward Fantasia, Too

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