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Evergrande: Why the Chinese property giant is close to collapse

From dw.com

Property giant China Evergrande Group admitted Tuesday it is under "tremendous pressure" and may not be able to meet its crippling debt obligations. Over the past two days, angry protesters have gathered outside the real estate firm's headquarters, demanding to know about its future. Investors are growing increasingly nervous that if Evergrande were to collapse, this could could spread to other property developers and create systemic risks for the banking system of the world's second-largest economy. Previously known as Hengda, China Evergrande was until recently the country's second-largest property group by sales. ... (full story)

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  • Category: Fundamental Analysis