German minister says sees no immediate need to act on Evergrande

german minister says sees no immediate need to act on evergrande

Sumary of German minister says sees no immediate need to act on Evergrande:

  • By Reuters Staff1 Min ReadBERLIN, Sept 15 (Reuters) – German Economy Minister Peter Altmaier said on Wednesday he was closely watching the situation regarding China’s Evergrande Group but he sees no immediate need to act.
  • Indebted Chinese property developer Evergrande is scrambling to raise funds to pay lenders and suppliers, as it teeters between a messy meltdown with far-reaching impacts, a managed collapse or the less likely prospect of a bailout by Beijing.

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