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Since the COVID-19 pandemic, China has been reeling from the worsening real estate crisis, which has spilled over to the nation's banking sector. The crisis began with Chinese real estate developer Evergrande Group filing for bankruptcy in August, triggering a property crisis in the second-largest economy worldwide. What Happened? China's property woes began when Evergrande Group, the world's most indebted property developer, defaulted on its interest obligations of $260 million on dollar-denomi ....

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