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Chinese property giant Evergrande defaults on $300billion debt: Beijing prepares 'controlled demolition' of the firm to protect its economy amid fears it could have global consequences
[Daily Mail, where America gets its news]
  • Chinese property giant Evergrande has defaulted on $1.2billion in bond debt

  • It marks the first time the firm has defaulted on debts totalling some $300billion

  • Evergrande ran into trouble amid Chinese crackdown on property speculation

  • There are fears that Evergrande could have knock-on effect on global economy

Posted by: Skidmark 2021-12-10
http://www.rantburg.com/poparticle.php?ID=619551