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Chinas Evergrande files for bankruptcy

Thread starter tsptalk
Start date Aug 18, 2023

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tsptalk

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Aug 18, 2023

Chinas Evergrande files for bankruptcy

China’s Evergrande Group — once the country’s second-largest property developer — filed for bankruptcy in New York on Thursday.

The beleaguered firm borrowed heavily and defaulted on its debt in 2021, sparking a massive property crisis in China’s economy, which continues to feel the effects.

https://www.cnn.com/2023/08/17/business/evergrande-files-for-bankruptcy/index.html

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