Evergrande’s Fall: A Cautionary Tale on the Dangers of Debt
In January 2024, a tremor shook the global financial landscape with the official collapse of China’s Evergrande Group. Once the world’s second-largest real estate developer, the company crumbled under the weight of a staggering $300 billion debt, sending shockwaves through China’s economy and raising concerns about the dangers of excessive leverage in the real estate …
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