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Evergrande has financed all this by borrowing money to the tune of $300 billion. but since last year when it authorities made it harder for last year when it authorities made it harderfor real last year when it authorities made it harder for real estate companies to borrow money, evergrande hasn t been able to make interest payments on its debt. and things have now hit crisis point. why do we care of evergrande nails? the first reason is people. evergrande builds about 600,000 homes a year. many of these are bought of the plan by chinese citizens buying their first home or investing in property. they paid a deposit and stand to lose their life savings if the company goes bust. then there is all the companies that do business with evergrande. construction and design firms, building material suppliers and so on. the ripple effect is huge. if evergrande goes under, this could send shockwaves through china s financial ....

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