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China Evergrande ordered to liquidate, owing $300B

China Evergrande ordered to liquidate, owing $300B

A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China’s crumbling financial markets as policymakers scramble to contain the deepening crisis. Evergrande, the world’s most indebted developer with more than $300 billion of total liabilities, sent a …

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