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3 ways the collapse of Evergrande will hurt the Australian economy

  • Written by Robert Powell, Professor, Edith Cowan University
3 ways the collapse of Evergrande will hurt the Australian economyMiyuki Yoshioka/AP

Evergrande, China’s second-largest property developer, is in peril. After a decade of massive growth, including investing in “Fairyland” theme parks, an electric car company and a professional football team (Guangzhou FC), it is now struggling to service debts exceeding US$300 billion.

So far it has avoided the...

Read more: 3 ways the collapse of Evergrande will hurt the Australian economy

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