Evergrande owns more than 1,300 real estate projects in over 280 cities in China, according to the company's website. In recent days, protests by angry home buyers and investors have broken out in various cities in China, Reuters reported.
The government is clear on its goal of maintaining social stability, and that means putting home buyers first, according to the portfolio manager.
Michael Burry Warns Retail Traders About the 'Mother of All Crashes'
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Trouble at China property giant Evergrande raises fear of contagionFinancial troubles at China's debt-ridden property giant Evergrande raises risk of a ripple effect on banks and investors, with the firm admitting it may not be able to meet its repayments China should have a financial crisis from which it should never recover...CNN
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Delta Variant Triggers Covid-19 Surge In Southeastern China Including Popular Tourist HubI am a Breaking News Reporter at Forbes, with a focus on covering important tech policy and business news. Graduated from Columbia University with an MA in Business and Economics Journalism in 2019. Worked as a journalist in New Delhi, India from 2014 to 2018. Have a news tip? DMs are open on Twitter SiladityaRay or drop me an email at siladityaprotonmail.com. no wow Sorry i know this isn't related to this but I just want to share my testimony with you. When I started my first trade of $15000 I thought it's was a scam but not, I'm earning greatly on weekly basis, I just got my profit of $60,000 through the help of Mr Rene Dm abrantesrene
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