In China Evergrande a sprawling real estate developer is that company. Property giants like Evergrande have boomed in the last few decades.
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A steady drumbeat of bad news in recent weeks has accelerated what many experts warn is inevitable.
Evergrande news china. The distress surrounding Evergrandes crash is a window into the problem of bad debt in Chinas housing sector. Evergrande took over the soccer club in Guangzhou China in 2010 and invested heavily in it including a 100000-seat stadium that opened last year.
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