“The reason is because this company has got some $400 billion worth of debt, it’s China’s largest property developer, it has been the main stay for many Chinese people to actually try and get their foot onto the property
run,” Mr Greenwood told Sky News Australia.“The share price is basically fallen by 10 per cent on the opening today after a statement from the company, it has been suspended from trading for about the last two and a half weeks.”
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Stock market gonna hit hard all over the world.