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Tag: crisis

New trouble roils China Evergrande, fueling real estate crisis fears

Posted on September 29, 2023 by Thomas Powell

HONG KONG — Just a few weeks ago, China Evergrande, the world’s most debt-saddled real estate developer, was writing its next chapter and working to resolve financial disputes with its creditors. Then a stream of bad news came, and the pages were torn up. Staff at the company’s wealth management arm have been detained by…

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