World News
Ninjazzon
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9mo ago
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97%
What the collapse of a company owing $300 billion means for the world
www.businessinsider.comA Hong Kong court ordered the liquidation of China Evergrande, the world's most indebted property developer.
Evergrande has assets of about $245 billion, but owes about $300 billion.
Its demise is a "controlled collapse," but still raises systemic risk and will hurt investors, says an analyst.
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