'Painful' restructuring ahead for Evergrande - analyst

10 months ago
1.37K

The liquidation of property giant China Evergrande Group is likely to send ripples through China's crumbling financial markets as policymakers scramble to contain a deepening crisis. Gary Ng, Senior Economist at investment banking company Natixis, said in an interview Evergrande is likely to face harsh restructuring and could be broken down into much smaller companies.

Loading comments...