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Top News In Evergrande Collapse Today - Breaking & Trending Today

He Was China's "Self-Made" Richest Man. Then Evergrande Collapsed : World News

He Was China's "Self-Made" Richest Man. Then Evergrande Collapsed : Rashtra News The 63-year-old Xu Jiayin was once China's richest man.Beijing: From rural poverty to real-estate billions, the fortunes of Xu Jiayin mirrored China's runaway economic growth for much of the past two decades but now he is battling to save his Evergrande conglomerate ....

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The Evergrande collapse is not China's 'Lehman moment,' but it does complicate an economic recovery, think tank says

"Unlike Lehman, Evergrande's insolvency is due to its excessive borrowing and aggressive use of leverage, not over-securitization." ....

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liquidation of evergrande: Evergrande collapse, deconstructive China

Liquidation of Evergrande by a Hong Kong court this week piles on the pressure for China to prop up its collapsing property market. Beijing will have to take a call on protecting foreign creditors when homebuyers have stopped purchases. Since real estate is key to the Chinese economy - where households park around three-fourths of their savings and foreign bond holders have pushed enormous credit to developers - some form of taxpayer-led rescue is inevitable. ....

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Hong Kong Court Tells China's Evergrande Group to Liquidate as Restructuring Deal Collapses

Judge Linda Chan said it was appropriate for the court to order Evergrande to wind up its business given a "lack of progress on the part of the company putting forward a viable restructuring proposal" as well as Evergrande's insolvency. ....

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What Happens to China if Evergrande Collapses?

For prospective Chinese home-owners who have taken loans and paid the amount to the developers and are awaiting the handover of their homes, the prospect of Evergrande shutting down spells serious concerns. If Evergrande goes bust, they could potentially lose that money. ....

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