Evergrande Files for US Bankruptcy Protection
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Evergrande Group has filed for bankruptcy protection in the United States.
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The Chinese property developer is struggling to repay its massive debts.
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The company has been facing financial difficulties for months.
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Evergrande's debt is estimated to be around $300 billion.
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The company has been trying to sell assets to raise funds.
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The filing in the US is seen as a last resort for the company.
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The move could have a ripple effect on China's economy.
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Evergrande is one of China's largest property developers.
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