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France 24
France 24
Business

China's indebted real estate sector sparks increasing concern abroad

China's embattled real estate sector has weighed on global markets. © FRANCE 24

Chinese property developers have met with a government think tank, amid increasing concern over the real estate sector's heavy debt burden. The liquidity crisis goes well beyond the high-profile firm Evergrande. Also, Australia unveils a €114 million investment aimed at boosting sales of electric vehicles, and Virgin Galactic sells another 100 tickets for sub-orbital space flights.

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