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In response to
"I thought I read that China was breaking up the company or something? -- nm"
by
oblique
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They're cracking down in general on big companies because they present an alternate power structure.
Posted by
spamlet
Sep 24 '21, 09:01
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But in this case, it's the real estate market slowing and the company being a developer with an unsustainable debt burden. It doesn't look like China is going to bail it out at this point.
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Responses:
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