Why investors are worried about China’s Evergrande failing
The Decibel
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Evergrand's Situation Tells Us About the State of the Chinese Real Estate Market
Evergrand is the poster child for indebtedness andbeing over leveraged in china. But there are a ton of other developers who have been serfing on cheap credit, says Simon Tisdall. The Chinese government has tried to dampen the market by introducing sik property taxes. This might just be the first in a long list of companies which have to completely reform themselves," he adds.
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