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Analysis: Investors Brace for a Great Fall in China
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Investors around the world brace for a great fall in China
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Analysis-Investors brace for a great fall in China - Netscape Money & Business
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International investors that have been piling into China in recent years are now bracing for one of its great falls as the troubles of over-indebted property giant China Evergrande come to a head. The developer's woes have been snowballing since May. Dwindling resources set against 2 trillion yuan (US$305 billion) of liabilities have wiped nearly 80% off its stock and bond prices and an US$80 million bond coupon payment now looms next week.