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Aug 28, 2023

China’s Evergrande stock plunges 87% as trading resumes

From the BBC World Service: China Evergrande Group’s shares resumed trading on Monday after a lengthy suspension, and investors in the real estate organisation took the chance to withdraw their money — the BBC’s Asia correspondent Mickey Bristow explains why. Plus, Lebanon is in the midst of a huge economic crisis: Inflation is in triple figures and the banking system has collapsed, but the wine industry is booming.

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China’s Evergrande stock plunges 87% as trading resumes
WANG ZHAO/AFP via Getty Images

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