China last Week

Residents wearing masks pass by a sign depicting Evergrande Group's China operation at a one of their commercial projects in Beijing, China, Tuesday, December 7, 2021. Evergrande Group's struggle to turn assets into cash has prompted fear a default might chill Chinese lending markets and cause global shockwaves. Economists say the ruling Communist Party can prevent a credit crunch but it wants to avoid sending the wrong signal by bailing out Evergrande in the middle of a campaign to force companies to cut debt Beijing worries is dangerously high. (Photo by Ng Han Guan/AP Photo)
China last Week
   
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