Tough times for Evergrande, the Chinese property developer. It is now facing imminent liquidation after its overseas creditors failed to reach an 11th-hour deal this weekend to restructure the real-estate company.
Tough times for Evergrande, the Chinese property developer. It is now facing imminent liquidation after its overseas creditors failed to reach an 11th-hour deal this weekend to restructure the real-estate company.
Yeah. Chinese real estate is a major drag on China. This is going to echo throughout the world.
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