Shares of General Motors (NYSE: GM) were trading lower on Monday amid a broad sell-off driven by fears that the deeply indebted Chinese property developer China Evergrande Group (OTC: EGRNF) could collapse and trigger a broad crisis. As of 12:30 p.m. EDT today, GM's share price was down about 5.4% from Friday's close. Evergrande was once China's most prolific property developer.
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