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#de-facto-bankruptcy (1 Posts)

Evergrande's Founder Faces Lifetime Ban Amid Bankruptcy Threat 2024.03.20 Beijing Youth Daily Evergrande, blamed for the downfall of the real estate market and effectively causing China’s economic slump, appears to be facing de facto bankruptcy after receiving various dispositions from the authorities recently. It’s safe to say there’s almost no chance of recovery. According to reports on the 19th by Beijing Youth Daily and […]

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