China and Evergrande ascended together. Now one is about to fall

China and Evergrande ascended together. Now one is about to fall Beijing has signaled that it will no longer tolerate the strategy of borrowing to fuel business expansion that turned Xu and his company into a real estate powerhouse, pushing Evergrande to the precipice.

from Moneycontrol Business News https://ift.tt/3oihKcS
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