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The New York Sun
Economy

Real Estate Giant China Evergrande, With $300 Billion in Debts, Is Ordered To Liquidate

It’s unclear how the liquidation order will affect China’s financial system, but the collapse will hurt some families who invested their life savings.

AP/Ng Han Guan
Residents walk through a partially shuttered Evergrande commercial complex at Beijing on January 29, 2024. AP/Ng Han Guan