dragged

China’s economy could be dragged down by loss of confidence in property sector

The loss of confidence in China’s property sector could feed into a contagion that would further drag down the Chinese economy, analysts warned.The comments come after beleaguered developer China Evergrande Group failed to deliver a promised $300 billion restructuring plan over the weekend.In filings with the Hong Kong stock exchange, Evergrande instead said it had “preliminary …

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How the fall of Three Arrows, or 3AC, dragged down crypto investors

With more than 19,000 virtual currencies in existence, the cryptocurrency industry has likened the current state of the market to the early years of the internet. Industry players said however that most of these coins will collapse.Nurphoto | Getty ImagesAs recently as March, Three Arrows Capital managed about $10 billion in assets, making it one …

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