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Evergrande: China property giant files for bankruptcy in US

2023-08-18 01:17
The move comes as fears grow over problems in the world's second largest economy.
Evergrande: China property giant files for bankruptcy in US

Property giant Evergrande has filed for bankruptcy protection in the US as the real estate crisis in China deepens.

The move comes as problems in China's property market are adding to concerns about the world's second largest economy.

China's economic growth has slowed, exports have fallen...