Evergrande

China’s Evergrande Files For Bankruptcy

China’s Evergrande Files For Bankruptcy

August 18, 2023 No Comments

China’s Evergrande Group, previously the second-largest property developer in the country, declared bankruptcy in New York on Thursday. The company faced significant financial troubles and defaulted on its debt in 2021. This triggered a major property crisis in China’s economy, the effects of which persist today. Evergrande sought Chapter 15

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Evergrande Debt Crisis Explained

October 10, 2021 3 Comments

The Evergrande debt crisis is the ongoing financial situation of Chinese property developer Evergrande Group. After a letter circulated online of the company informing the Guangdong government that it was at risk of a cash crunch, shares in the company plunged in value, with impacts on global markets and a

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