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Evergrand, the Chinese Construction Giant, Is Near Default on More Than 300 Billion Dollars Worth of Debt

The construction giant evergrand is near default on more than 300 billion dollars worth of debt. Felix hamins xusas chief financial correspondent and here to explain why this is the first big test of the global financial system since the pandemic started. If it falls apart in a chaotic manner, that could have devastating consequences for china.

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