China's Central Bank Says Evergrande Risks 'Controllable'
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China's central bank said Friday that financial risks from China Evergrande Group's debt problems are "controllable" and unlikely to spill over, amid growing investor concerns that the crisis could ripple through other developers.

Evergrande is the world's most indebted developer, with over $300 billion in liabilities. The company has missed a third round of interest payments on its offshore bonds this week, spooking investors globally and sparking concern that other companies in the sector may also default on payments.



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