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Teetering China property giants undercut Xi Jinping’s push to end crisis
Credit: IndiaTimes- Published on September 26, 2023
Fresh drama at Chinese property developers, including China Evergrande Group, is threatening President Xi Jinping's efforts to end the housing crisis. The news of debt restructuring plans, missed bond payments, and the detention of former executives has fueled investor confusion over the government's plan to stabilize the market....
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