Consumers and business owners say they feel paralyzed by despair, and their reluctance to spend and borrow is feeding what could become a dangerous cycle.
Category: chinese economy
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China Evergrande, Giant Developer, Files for Bankruptcy
The filing comes two years after the company defaulted on its debt, setting off defaults by smaller Chinese developers.
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China and Hong Kong Stocks Slump as Economic Gloom Spreads
A string of worrying data has taken the fizz out of markets.