$157m of Evergrande assets frozen by a Chinese court over missed payments
According to a filing by contractor Shanghai Construction Group, a Chinese court has ordered the freeze of 640.4 million yuan ($101 million) in assets held … Read more
China to test out pilot reform on property in some regions
The Standing Committee of the National People’s Congress, China’s top legislative body, adopted a decision on Saturday to authorize the State Council to launch a … Read more
The Evergrande Crisis: What Effect Will it Have on the Global Economy?
When a big company of any kind experiences a visible wobble and question marks over their finances start to arise, it can send ripples of … Read more
Fitch cuts China’s growth forecast amid Evergrande crisis
Rating agency Fitch has cut its growth forecast for the Chinese economy due to a slowdown in the Chinese real estate market and fears over … Read more
China property giant Evergrande warns it could default on debt
Evergrande is one of the world’s most indebted companies and has seen its shares plummet 75% this year. The company has amassed a staggering $300 … Read more