China Evergrande vows to ‘unwaveringly’ follow Beijing’s orders after being summoned by regulators

//China Evergrande vows to ‘unwaveringly’ follow Beijing’s orders after being summoned by regulators

China Evergrande vows to ‘unwaveringly’ follow Beijing’s orders after being summoned by regulators

China Evergrande, the world’s most indebted developer, has promised to “unwaveringly” follow the central government orders after being summoned by the country’s top financial regulators overnight.Evergrande, China’s biggest home builder, said on Friday morning that it would be “at full stretch and by all means possible” keep operations stable and cut debt in line with Beijing’s wishes.“We will ensure quality of construction and make sure that we deliver quality homes in quantity,” the Shenzhen…

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By | 2021-08-20T05:35:19+00:00 August 20th, 2021|Business|Comments Off on China Evergrande vows to ‘unwaveringly’ follow Beijing’s orders after being summoned by regulators