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real estate giants

Evergrande

What do China’s real estate industry troubles mean for the US economy?

The thing is though, China’s real estate market has been called the most important industry in the global economy and accounts for about 30% of China’s GDP. Just for a bit of context, 10%-20% is the typical industry composition for most developed nations. What troubles? * Right now,
Jake Shropshire Nov 12, 2021
Evergrande Xu jiayin

Who is the founder of Evergrande, Xu Jiayin?

By 2017, Evergrande was considered the largest real estate developer in the world, and Xu’s net worth was estimated to be at US$45.3 billion. * It has been nearly one month since Xu Jiayin (許家印), or Hui Ka Yan in Cantonese, stepped down as chairman of his company,
Caleb Moll Oct 12, 2021

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