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‘Catastrophic’ Property Sales Mean China’s Worst Case Scenario Is Now In Play

(Zerohedge) – No matter how the Evergrande drama plays out – whether it culminates with an uncontrolled, chaotic default and/or distressed asset sale liquidation, a controlled restructuring where bondholders get some compensation, or with Beijing blinking and bailing out the core pillar of China’s housing market – remember that Evergrande is just a symptom of […]

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