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Zhongzhi latest casualty of China's deepening debt and property crisis

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China's shadow banking conglomerate Zhongzhi Enterprise Group filed for bankruptcy liquidation late on Friday.
China's shadow banking conglomerate Zhongzhi Enterprise Group filed for bankruptcy liquidation late on Friday.

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Zhongzhi latest casualty of China's deepening debt and property crisis

The contagion risk of Zhongzhi's bankruptcy filing is not only