{"id":438167,"date":"2021-09-25T10:32:22","date_gmt":"2021-09-25T05:02:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=438167"},"modified":"2021-09-25T11:28:31","modified_gmt":"2021-09-25T05:58:31","slug":"evergrande-misses-payment-deadline-ev-unit-warns-of-cash-crunch","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/evergrande-misses-payment-deadline-ev-unit-warns-of-cash-crunch\/","title":{"rendered":"Evergrande misses payment deadline, EV unit warns of cash crunch"},"content":{"rendered":"<p>SINGAPORE\/SHANGHAI (Reuters) -China Evergrande&#8217;s electric car unit warned on Friday it faced an uncertain future unless it got a swift injection of cash, the clearest sign yet that the property developer&#8217;s liquidity crisis is worsening in other parts of its business.<\/p>\n<p>Evergrande owes $305 billion, has run short of cash and investors are worried a collapse could pose systemic risks https:\/\/www.reuters.com\/article\/china-evergrande-debt-explainer-idCAKBN2GC09I to China&#8217;s financial system and reverberate around the world.<\/p>\n<p>The company missed a payment deadline on a dollar bond this week and its silence on the matter has left global investors wondering if they will have to swallow large losses when a 30-day grace period ends.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE\/SHANGHAI (Reuters) -China Evergrande&#8217;s electric car unit warned on Friday it faced an uncertain future unless it got a swift injection of cash, the clearest sign yet that the property developer&#8217;s liquidity crisis is worsening in other parts of its business. Evergrande owes $305 billion, has run short of cash and investors are worried a collapse could pose systemic risks https:\/\/www.reuters.com\/article\/china-evergrande-debt-explainer-idCAKBN2GC09I to China&#8217;s financial system and reverberate around the world. The company missed a payment deadline on a dollar bond this week and its silence on the matter has left global investors wondering if they will have to swallow large [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-438167","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=438167"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438167\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=438167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=438167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=438167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}