Tag: macquarie-securities-ltd

A woman bends through a hole in the billboard of the Evergrande Wuhan culture-oriented travel city on October 18, 2021 in Wuhan, Hubei province, China. Evergrande, China's largest property developer, is facing a liquidity crisis with total debts of around $300 billion.
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 auctions to rescue financially stressed out local governments. Auctioning land is a major source of revenue for local...