Israel let's China pump $14bn in cash into market amid Evergrande crisis
Published on Sep 20, 2021
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.
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