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China’s property bubble may be about to burst, and it could cost Australia dearly – ABC News

Once a symbol of glittering success, China’s biggest property group is tanking, dragging many of its competitors with it as global…

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It’s one of Hemingway’s best lines, from The Sun Also Rises.
“How did you go broke?” Bill asked.
“Two ways,” said Mike. “Gradually and then suddenly.”
It is a passage to which Xu Jiayin, founder of China Evergrande, China’s biggest property group and the…

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