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Exploring Evergrande's financial failures and why China's government is stepping in

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"Too big to fail" was a phrase used during the global financial crisis for large companies so over-extended that their collapse could cripple global finance. China is now trying to take a too-big company with too much debt, and manage its failure. The company is a real estate giant called "Evergrande". Nick Schifrin has more.

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Category
U.S. & Canada
Tags
Global financial crisis, china, chinese real estate
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