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Global markets drop following Chinese developer's impending default

Global markets dropped on fears one of China’s biggest property developers will default on its loans.

Evergrande owes $400 billion to their banks and there is speculation they will not be able to make their next payments.

The Chinese government has cracked down on riskier investment loans, causing property prices in the country to drop.

It could also lead other companies in the Chinese property market to default.

Видео Global markets drop following Chinese developer's impending default канала Sky News Australia
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21 сентября 2021 г. 6:03:52
00:01:18
Sky News Australia
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