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Biren processor adds twist to chip tale--China Economic Net

Biren processor adds twist to chip tale--China Economic Net
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Chairman Xu Sells Off Personal Assets To Avoid Default

The Evergrande saga continues as Chairman Xu Jiayin sells off 7 billion yuan ($1.1 billion) of his personal assets to prop up the deflating property giant. Still, given all his wealth, his contributions would barely make a dent in the company’s debt obligations. Within the next year, the company faces $8 billion in payments due to foreign investors. ....

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