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Evergrande technically defaulted, forcing HSBC and other international banks to write off 197 billion US dollars

  • Written by Media Outreach

BERLIN, GERMANY - Newsaktuell - 29 October 2021 - For the second time in a week, China Evergrande Group has apparently technically defaulted on interest payments to international investors. This further manifests the bankruptcy of the real estate developer. The real estate group has accumulated a mountain of debt totaling $305 billion....

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