International Economic

Chinese property giant Evergrande files for bankruptcy

By Digital Look

Date: Friday 18 Aug 2023

(Sharecast News) - Evergrande, the heavily indebted Chinese property group and once the country's second developer, on Thursday filed for chapter 15 bankruptcy in New York - indicating the ongoing real estate crisis in China is far from over.
The Guangzhou-based group, which is thought to hold over $300bn in debt,...

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