Showing posts with label Evergrande. Show all posts
Showing posts with label Evergrande. Show all posts

Friday, February 02, 2024

What's Next For Evergrande's Creditors and What Their Collapse Means for Global Business

©iStock/LewisTsePuiLung
A Hong Kong court on recently ordered the liquidation of Evergrande, the heavily indebted Chinese property giant. The decision comes two years after the company defaulted, setting off a financial crisis at other developers and adding to the challenges facing the world’s second-largest economy. 
The company’s dissolution raises questions about fairness for overseas creditors — which could have wider implications for foreign businesses operating in China. 
Learn how Evergrande fell (limited access).