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China's Perfect Storm: Will Evergrande Swim or Sink?
Why investors pour money into Evergrande? The introduction of the ‘three red lines’ rule in January 2021 by Chinese regulators set the stage for the deleveraging plan of the most indebted Chinese real estate player, Evergrande. Investors started monitoring closely the management’s efforts to deleverage the balance sheet. The group reported a drop...
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