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China: Another Property Group in Debt Trouble

A battle may be around the corner. Young children are taught new fighting tactics, and weapon-carrying trucks are spotted rolling down the street. But an expert says Beijing is just trying to boost morale.

Little financial aid, blocked from going to work, personal freedom halted—that has been the situation in one Chinese city for the past seven months. Amid strict pandemic-lockdown orders, many who are suffering have been silenced.

China ramps up surveillance use in its battle against the pandemic. For Chinese citizens, if a confirmed virus patient so much as walks by, they may end up confined in quarantine.

A Chinese property developer is knee-deep in a debt crisis—but it’s not Evergrande. The group missed a payment to investors, and now its shares are halted on Hong Kong’s stock exchange.

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