Once China's top-selling property developer, Evergrande has over US$300 billion in liabilities, equivalent to about 2% of China's gross domestic product. - AFP
SHANGHAI/LONDON (Reuters): Numbers don't lie, you just need to be looking at the right ones.
That's the problem for investors searching for the next trouble spot in the Chinese real estate sector as industry giant China Evergrande Group lumbers towards what is expected to be the country's largest-ever corporate default. The figures on the books sometimes don't tell the full story.
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