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China’s Evergrande default concerns loom large on nervous market

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Trading has been volatile in Asian markets amid concerns about the possible collapse of heavily indebted Chinese property giant Evergrande have sent stock markets and shares of property firms plunging.
The company is more than $300bn in debt.
Despite the growing crisis and its ripple effect on stock markets, the Chinese government is yet to step in and bail out the firm.

Al Jazeera’s Katrina Yu reports from Beijing, China.

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Category
World
Tags
Al Jazeera, Chinese economy, Evergrande
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