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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: Is there an end in sight to China's property market crisis?
Description: China's property market woes are going from bad to worse. A Bloomberg Intelligence gauge of Chinese developer shares fell 1.2% today, a day after dropping the most this year as the crisis at real estate giant China Evergrande Group entered a new phase. The developer scrapped key creditor meetings and said it must rethink its debt overhaul plan, raising the risk of a liquidation of the nation’s most indebted builder. So how can this crisis be mitigated? And what is the impact on regional as well as global markets? On Money in...