Tag: conita-hung

A man walks past a residential building developed by Evergrande.
Beijing Orders Evergrande to Demolish 39 Buildings, Developer Remains in Trouble
Evergrande is one of the largest companies in the world drowning financially, amassing more than $300 billion in debt. Struggling to pay its obligations, the real estate firm has delayed paying some of its bond...
Evergrande, China's largest property developer, is facing a liquidity crisis with total debts of around $300 billion. The problems faced by the company could impact China’s economy, and the global economy at large.
Chinese Property Developers Owe $173 Billion in Wages in January
Property developers in communist China faced major problems in 2021. Plagued by several issues like the inability to pay debts and slowing consumer demand, many real estate firms faced a severe cash shortage. Looking at...