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Everyone's suspicions are now being confirmed: Evergrande can't service its loans. The real estate group is missing one payment deadline after another. But the International Monetary Fund still believes China can cope with the situation without major consequences for the entire economy. Meanwhile, Evergrande's car division made a surprise announcement.
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"Common prosperity" has been China's dominant political phrase in recent months. But it is more than a mere hollow phrase. The concept describes China's search for a sustainable balance between economic growth and social justice.
By Redaktion Table