Order to liquidate property giant China Evergrande is just one step in fixing China's debt crisis

Order to liquidate property giant China Evergrande is just one step in fixing China's debt crisis

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A Hong Kong court’s order to liquidate China Evergrande, the world’s most heavily indebted real estate developer, is only a tentative step toward resolving a debt crisis that is haunting financial markets and dragging on the Chinese economy. Evergrande owes $340 billion to its creditors. Experts…

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