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China’s indebted property firm Evergrande committed two ‘cardinal sins,’ says portfolio manager – CNBC

Problems at China’s indebted property developer Evergrande have escalated in recent weeks.

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The Emerald Bay residential project developed by China Evergrande in the Tuen Mun district of the New Territories in Hong Kong, China, on Friday, July 23, 2021.
China Evergrande has committed “two cardinal sins” which have led to the debt crisis it’s now…

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