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China Evergrande failings expose cracks in Xi s economic model

The company’s collapse was inevitable given the system it was founded on no longer works in China.

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China s Evergrande: what happens next after liquidation order? – ENG MIZZIMA COM

China s Evergrande: what happens next after liquidation order? – ENG MIZZIMA COM
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China s Evergrande: what happens next after liquidation order?

A Hong Kong court on Monday issued a winding-up order for Chinese real estate giant Evergrande, as the embattled firm teeters on the brink of bankruptcy.Evergrande was once China's biggest real estate firm, a giant in a sector that ballooned as property became the foundation of a burgeoning middle class's growing wealth.

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Oil rises on fresh Middle East fears, equities advance - Region - World

Oil rises on fresh Middle East fears, equities advance - Region - World
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Evergrande: China s Evergrande: What happens next after liquidation order?

A Hong Kong court issued a winding-up order for China Evergrande, the beleaguered real estate giant, as the company faces bankruptcy. The decision comes as Evergrande grapples with massive debts, emblematic of a prolonged crisis in China s property market. Evergrande, once China s largest real estate firm, failed to repay interest on its loans, formally defaulting in December 2021.

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