📰 China Bankruptcies Stories Surged to Highest On Weekly Record: Cable FX Macro
- Rosbel Durán
- Aug 31, 2023
- 1 min read
On a weekly basis, Chinese bankruptcy stories rose to the highest level on record, according to data compiled by Bloomberg
We had seen peaks on September 2021, April 2022, and April 2023
Again, Evergrande takes on the headlines as it latter files for bankruptcy. "Property developers" and "Country Garden" popped up on the week
We saw the Hang Seng Index drop by about 2.0% to pare losses and finish the week flat, a similar price action was posted by the offshore yuan
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