Tag: evergrande
As Economy Sputters, Chinese Turn to the Lottery for Hope
In August, lottery sales in mainland China surged to their highest level this year amid concerns for...
China’s Real Estate Crisis Deepens as Shares in Property Developers Plummet
Stock prices for a number of Chinese developers plummeted at the opening of trading on Monday, deepening...
Another Chinese Real Estate Developer Files for Bankruptcy Protection in US Court
According to court documents reviewed by Reuters, yet another Chinese real estate developer has filed...
Evergrande’s Hengda Real Estate Group Under Probe for Allegedly Breaking Information Rules
On Aug. 16, China’s Evergrande Group suffered a blow after one of its units, Hengda Real Estate Group...
China’s Real Estate Giant Evergrande Loses Over $112bn in Two Years, Has Hundreds of Billions More in
On July 17, Evergrande, one of China’s largest real estate developers, revealed in its long-awaited financial...
Chinese Real Estate Firms Pressured With Pending Wage Dues and Bond Payments
Property developers in China are facing a tough time financially. Many are unable to pay their suppliers...
7 Ways China Is Destroying Its Own Economy
News analysis In 2021, China’s economy finds itself in chaos. According to its National Bureau of...
Evergrande Fails to Make Overdue Coupon Payments for Bondholders
Chinese real-estate developer Evergrande failed to provide coupon payments to offshore bondholders after...
Premier Li Keqiang Asks Officials to Avoid Communist-style ‘Bureaucratism’ as China’s Economic Crisis
News analysis At a recent meeting in Shanghai, China’s number two statesman provided provincial leaders...
Property Crisis Forcing Chinese State Companies Into Greater Involvement in Land Auctions
The property crisis in communist China is compelling state-owned developers to play a major role at land...
UBS Fund Managers Resign Amidst China’s Property Crisis
The ongoing property crisis in China is pushing many investors into losses. A US$3 billion fund at UBS...
China Dismantling Evergrande From Within to Avoid Worst Case Scenario
China’s Evergrande Group, with on the books liabilities in excess of US$300 billion is on the brink of...