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is trouble brewing in chinese real estate market ?
evergrande , the largest developer , defaulted on a bond payment , trading of shares suspended in hong kong stock exchange
now another developer misses a bond payment – fantasia
s and p global ratings downgraded the property firm – sinic holdings
what is going on ? could this have global repercussions ?
will this be a similar crisis to the lehman brothers of 2008 ?
let’s hope not …