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“ It’s a vicious cycle.” The continued insolvency means that “ simple debt restructuring may be unable to save Evergrande, ” Chen Xin, a finance professor at Shanghai Jiao Tong University, wrote on Weibo, China’s answer to Twitter....
Evergrande was left on the verge of collapse, in a crisis that many saw as marking the end for China’s housing boom. Reduced access to loans has left property developers struggling to
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华盛顿邮报-世界
2023-07-18 00:00:00.0