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HANGZHOU, CHINA - AUGUST 18, 2023 - The logo of Evergrande Real Estate is seen at the construction site of a real estate project in Hangzhou, Zhejiang province, China, August 18, 2023. According to several foreign media reports, on August 17, Eastern time, Evergrande Group applied for creditor protection in the United States Bankruptcy Court in Manhattan. (Photo by Costfoto/NurPhoto via Getty Images)