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Asia Pacific

China Evergrande Group Chairman Hui Ka Yan attends a news conference on the...

Breakingviews - Breakdown: Evergrande’s rejig offers measure of Xi

China’s most-indebted property developer is scrambling as officials push an aggressive cleanup of the bubble-prone sector. The ongoing pain of $25 billion Evergrande, with businesses spanning theme parks to electric vehicles, is a vivid measure of how far President Xi Jinping will go to reallocate capital and de-risk the economy.