Tag: Evergrande
China: Will Country Garden, a real estate giant, meet the same fate as Evergrande?
A real estate giant threatens the Chinese economy again, two years after the setbacks of the Evergrande group. The action of the promoter Country Garden, one of the largest groups…
Evergrande Hengchi 5 Production Stopped Due To Cost!
Evergrande’s EV adventure gets worse and worse each month. Evergrande today due to lack of funds Hengchi has to stop production of the 5 model left. The pause is expected…
Evergrande Announces Debt Buyout Offer From International Creditors
The debt restructuring plan of the former number one in real estate in China, Evergrande, has been approved by its creditors. A breakthrough for the group, on the verge of…
in the wake of the fall of real estate giant Evergrande, the economy is reeling
The problems follow one another for Evergrande. This time, it is a subsidiary of the former number one in Chinese real estate which can no longer honor its debts. The…
Why the Evergrande shock is forcing China to rethink its growth model
If contagion is the nasty flaw of the Omicron variant, China is discovering that the same is true for real estate crises. The bankruptcy of the giant promoter Evergrandefar from…
Evergrande: Is the Chinese real estate giant’s debt crisis similar to that of Lehman Brothers?
At the beginning of 2021, the financial crisis of Evergrande, one of China’s largest real estate companies, and its debt of approximately 300 billion dollars to foreign investors started to…