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Is Evergrande the new HNA?

As the Communist Party celebrated its 100th birthday in Beijing on July 1, guests included some of the country’s most influential entrepreneurs. Of particular note was Xu Jiayin, the head of Chinese real estate developer Evergrande, who shortly after published photos of himself at the celebration. Did the entrepreneur try to prove with his appearance that he remains on good terms with Beijing despite all his financial problems?

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