China's Evergrande Files for Bankruptcy in NY Court

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Chinese real estate company Evergrande filed for bankruptcy protection in the United States.
Companies covering 40 percent of Chinese home sales have defaulted.
Flooding continues in Southern China. Torrents washed people away and streets turned into rivers.
President Joe Biden is hosting two treaty allies Japan and South Korea Friday—a first standalone summit between the three powers. What message is it sending to China?
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