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REAL ESTATE

Chinese property developer loses $1bn in market turmoil over Evergrande debt concerns

Chinese property developer loses $1bn in market turmoil over Evergrande debt concerns

The potential interest defaulting from the world’s most indebted real estate developer has sent stocks tumbling People commute in front of the under-construction Guangzhou Evergrande football stadium in Guangzhou, China’s southern Guangdong province A Shanghai-based real estate developer lost a billion-dollar worth of fortune within hours of trading, amid market turmoil caused...

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China Chinese Evergrande Guangzhou Evergrande Sinic Holdings Groups Zhang Yuanlin

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metro.co.uk
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