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Thursday, October 21, 2021

The Chinese real estate industry is in trouble. Evergrande has defaulted on its debts again

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Evergrande, which has more than $ 300 billion in debt and builds 1,300 properties in more than 280 Chinese cities, has yet again failed to pay interest on its international bonds. The crisis of one of the largest real estate companies is taking its toll on the entire domestic sector, with some other companies warning that they may be insolvent.

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