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Nuveen Real Estate (Asia)

2022 Real Estate Top 150 ranking: 5

Letter from Asia: Evergrande is no Lehman

Letter from Asia- Evergrande is no Lehman

For more than two decades, Evergrande’s journey to become one of China’s largest developer has come at a huge cost: ever rising indebtedness. At US$300 billion, the world’s most indebted property developer is now facing judgement day. Already falling behind on payments to banks, suppliers and holders of onshore wealth ...

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