Evergrande

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https://www.evergrande.com/ - China’s 2nd largest property developer Evergrande files for Chapter 15 bankruptcy! Evergrande has posted losses of $81 Billion over the last 2 years, with $340 Billion of debt at the end of 2022 (2% of China’s entire GDP). Evergrande has borrowed heavily and also defaulted on its debt in 2021.