Evergrande: A timeline of the great Chinese brick empire’s downfall
The company’s collapse shows the liquidity crisis that sweeping the Asian giant’s real estate sector
The company’s collapse shows the liquidity crisis that sweeping the Asian giant’s real estate sector
Dozens of Chinese developers have collapsed since 2020 under official pressure to rein in surging debt the ruling Communist Party views as a threat to China’s slowing economic growth
The Asian giant is facing an uncertain economic climate due to defaults by real estate and financial companies
The developer is seeking to protect its assets from seizure by creditors as it tries to move forward with its restructuring plan