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Evergrande Soars After Taming Risks That Alarmed Regulators

  • Developer agreement avoids potential $19 billion cash crunch
  • Property firm is in talks with remaining strategic investors
Bloomberg business news
China Evergrande Has Options to Avert Cash Crunch
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China Evergrande Group’s stock and local bonds soared after the developer took a major step toward avoiding a cash crunch that had threatened to roil the nation’s $50 trillion financial system and reverberate across global markets.