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English for Economists | Economic News and English Expressions

Chinese Real Estate Developer 'Evergrande Group' in a Liquidity Crisis

08 Jan 2022

Description

Real Estate: Houses or buildings Liability: In this story, liability is debt. Onshore and Offshore: Inside a country and outside of the country Liquidity Crisis: A lack of cash or liquid assets Contagion: The spreading of something negative, like fear, or an illness. Demolish: To knockdown, or tear down, a building.

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