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by Tyler Durden
Evergrande s existential challenges are becoming ever grander by the day.
While we have long profiled the growing troubles facing China s largest and the world s most indebted property developer, which at the end of 2020 boasted more than $300 billion in total liabilities and which has tried to quell mounting concerns over its financial health since May - the melting ice cube that is Evergrande (which just one year ago vowed it would magically pivot into electric cars and would become China s Largest, Most Powerful EV maker in a few years) had a close encounter with a blowtorch earlier this week when as we noted, the company s shares crashed below liquidation level (i.e., the value of its standalone assets), trading