US-China Relations

Blinken Tells China to ‘Act Responsibly’ in Evergrande Crisis

Blinken Tells China to ‘Act Responsibly’ in Evergrande Crisis
Secretary of State Antony Blinken speaks during a closing press conference with the secretary-general of the Organization for Economic Cooperation and Development (OECD) at the 60th OECD Ministerial Council Meeting in Paris on Oct. 6, 2021. Ian Langston/POOL/AFP via Getty Images
Eva Fu
Eva Fu
Reporter
|Updated:

Secretary of State Antony Blinken has urged China to “act responsibly” in handling the debt crisis of real estate developer China Evergrande Group, warning that the effect of Beijing’s decisions will resound around the world.

Evergrande, which has more than 1,300 housing projects in about 280 cities, is now the world’s most heavily indebted developer, with more than $300 billion of debt.

Eva Fu
Eva Fu
Reporter
Eva Fu is an award-winning, New York-based journalist for The Epoch Times focusing on U.S. politics, U.S.-China relations, religious freedom, and human rights. Contact Eva at [email protected]
twitter
Related Topics