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China’s Evergrande files for bankruptcy in US

Amid growing apprehension over China’s deepening property crisis and a weakening economy, embattled developer, China Evergrande Group has filed for bankruptcy protection in a U.S. court. This move marks a pivotal juncture in one of the world’s largest debt restructuring endeavors. Once renowned as China’s premier developer, Evergrande now stands as a symbol of the […]