Turmoil in China's housing market, coupled with weak consumer sentiment, is weighing on the nation's economy. Once the country's largest property developer, Evergrande is now facing a lawsuit that may end with its liquidation, while Dalian Wanda Group, China's largest mall operator, is shedding assets in an effort to avoid a default.
Debt-laden local governments are also struggling in the world's second-largest economy.
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