Evergrande News Today

It may owe tens of thousands of its employees money too. Evergrande took control of Guangzhous soccer club in 2010 and spent billions of dollars on foreign players.

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US stocks plunged on Monday amid growing fears of contagion risk from Evergrandes 305 billion debt crisis.

Evergrande news today. Getty Images Xinhua News Agency. It then moved into the dairy grain and oil businesses. The Chinese property giant owes 300 billion and is on the hook for as many as 16 million apartments.

The heightened market volatility.

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