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China Evergrande, facing collapse under debt mountain, stays silent on missed payment

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Evergrande’s mannequin of fast, debt-fueled enlargement in the course of the growth years of China’s urbanization made the group one of many nation’s largest builders and briefly turned Xu Jiayin, its founder, into China’s wealthiest enterprise particular person. Chinese language cities are dotted with Evergrande’s high-rise residences, lots of them snapped up as investments by newly minted members of the nation’s burgeoning center class lately.

https://www.washingtonpost.com/world/asia_pacific/china-evergrande-debt-markets/2021/09/24/2bcb0a50-1ce5-11ec-bea8-308ea134594f_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | China Evergrande, dealing with collapse below debt mountain, stays silent on missed cost

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