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Hong Kong Court Mandates Liquidation For Chinaโ€™s Evergrande

On January 29, a Hong Kong court ordered the liquidation of the beleaguered Chinese property giant Evergrande, intensifying the impact of the property crisis rippling through the economy. The High Court judgeโ€™s decision initiates a comprehensive process involving asset liquidation and management replacement to address creditorsโ€™ concerns amid the companyโ€™s staggering $300 billion in liabilities.

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