Evergrande Bankruptcy Filing Signals Deepening Property Crisis in China
- Country Garden and other major developers face liquidity issues and possible defaults.
- Real estate woes are impacting investor confidence and China's economy.
- Missed payments by investment trusts highlight financial sector vulnerabilities.
- Bankruptcy filing is part of Evergrande's multi-billion dollar restructuring plan.
- Analysts concerned about contagion risk and policy response from Beijing.
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