SQUAWK BOX, WEDNESDAY 22ND SEPTEMBER, 2021
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Chinese property development giant Evergrande says it is set to make an interest payment on its bonds as scheduled tomorrow. However, former PBOC advisor Li Daokui says that the company’s debt problems are far greater and the firm could well be dissolved. Mainland Chinese markets attempt to claw back losses on the news after an extended weekend. In the U.S., the House of Representatives has voted to prevent a government shutdown and suspend the debt ceiling. The GOP says it will block the bill in the Senate. JP Morgan CEO Jamie Dimon tells CNBC that market pressures could prompt the Federal Reserve to act more urgently and vigorously in tapering.
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