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The Evergrande Group, once a representation of China's real

estate boom, is now seen as a sign of an impending housing

catastrophe that is shaking the country's real estate

industry. Chinese property purchasers are in a hazardous

position as the financial giant teeters on the verge of

collapsing.

Evergrande was one of the most valuable real estate firms

in the world but behind the facade of glamour, Evergrande

borrowed enormous sums to fund its ambitious initiatives,

which led to the company amassing a massive debt

mountain believed to be worth over $300 billion.

The growing severity of these underlying problems

culminated in a crackdown by the Chinese government on

excessive borrowing and tougher controls on the real estate

sector, forcing the business to attempt to pay off its debt

and causing protests among home buyers seeking refunds.

Numerous Chinese house purchasers are uneasy and unsure

as a result of the Evergrande disaster.

CURRENT AFFAIRS:

The Rise and Fall of

Evergrande :

The Rise and Fall of

Evergrande :

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