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Evergrande’s Hidden Debt Sinkhole Just Keeps Growing

WSJ Original article ›
LyrArc Article Gist
Hidden debt is a problem for Evergrande, says this report in the WSJ.  The Chinese housing developer faced action by banks seizing over $2 billion in cash held by its property service unit as security for third party pledge guarantees. The hidden debt problem also affects other Chinese housing developers.



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