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Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu Province.


Evergrande’s last stand delayed

Embattled Chinese property developer Evergrande Group was meant to be in a Hong Kong court today, facing the once-unthinkable prospect of liquidation. The real estate colossus, which owns 1,300 projects in over 280 cities across China, has seen its shares plummet by 99% after the company defaulted on its $300 billion debt in 2021.

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