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Sep 13, 2021

A conglomerate on the edge of collapse could test China’s financial system

From the BBC World Service: Evergrande has operations in health care, autos, theme-park developments and even bottled-water production. It’s also China’s second-biggest property developer, though with massive debts, credit ratings agencies say time is running out for the company. Plus, while nearly half of the world’s professional online gamers are women and girls, they’re only taking a fraction of the competition prize money.

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Evergrand has racked up more than $300 billion in debt.
Evergrand has racked up more than $300 billion in debt.
Greg Baker/AFP via Getty Images

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