China Evergrande Group (the group) holds the distinction as the largest Chinese property developer by the size of land bank. Its relatively quick but controversial rise to the top has attracted unwanted attention from short-sellers and competitors alike. Nevertheless, the group has managed to steer clear of regulators despite several close brushes with local land authorities and contractors in recent years, as it continues to navigate through the thin political line. The group's rise has been unsurprisingly majority debt-fuelled, supplemented by an aggressive risk appetite in alternative finance and penchant for large-scale acquisitions.
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