The Great Pyramid of China // How Evergrande’s Success Turned into Potential Challenges for China’s Economy

The attention of investors and bankers all this week is riveted on China, where the Evergrande Group, the company with the largest debt in the world, is in a desperate struggle for survival. In the event of his bankruptcy, financial institutions in many countries will lose billions of dollars, the Chinese real estate market will be in a deep crisis, and at least 200 thousand people will find themselves unemployed overnight. …

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