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The Wall Street Publication > Blog > Markets > Beijing’s Debt Clampdown Shakes Real-Estate Giant
Markets

Beijing’s Debt Clampdown Shakes Real-Estate Giant

Editorial Board Published September 18, 2021
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Beijing’s Debt Clampdown Shakes Real-Estate Giant
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In a risky race against time that ran for two decades, China Evergrande Group turned billions of dollars in borrowed money into the dream of homeownership for millions of Chinese citizens.

It launched project after project in every Chinese province, selling apartments years before they were completed and scratching together enough cash to stay just ahead of massive interest bills.

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