Evergrande’s collapse would have ‘profound consequences’ for China’s economy #breakingnews #breaking #worldhealines

Investors are bracing for the increasing risk that Chinese real estate colossus Evergrande will collapse under the weight of more than $300 billion of debt. But experts say the Chinese Communist Party will have no choice but to save a company that is so emblematic of its economic growth model – and whose collapse would send shockwaves across the global economy.

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