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Re:Evergrande has defaulted on its debt, Fitch Ratings says by robotbikes on Thursday December 09, 2021 @09:04AM (#29497426)
I can only guess that it probably has something to do with low incomes of a lot of citizens and foreign investors buying land/property. It could also be something akin to very low average income for rural residents mixed with a relatively affluent urban society and a huge gap between the haves and have-nots.

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