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China’s nightmare Evergrande scenario is an uncontrolled crash – Sydney Morning Herald
China watchers are gaming out worst-case scenarios if Beijing allows Evergrande’s downward spiral to continue unabated. Pressure…
Contagion risk was on full display on Thursday. Chinese junk-bond yields jumped to an 18-month high and shares of real estate companies plunged after Evergrande had its credit rating downgraded and requested a trading halt in its onshore bonds.
Some banks…
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