How Evergrande s collapse foreshadowed China s property crisis reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
In the beginning, Hui Ka Yan followed a simple formula. It transformed Hui, a former steel industry employee from a rural village, into China’s richest man. But as Evergrande grew increasingly laden with debt, the company resorted to ever-more unorthodox strategies to generate funds.
For two decades, starting in the mid-1990s, this approach was enormously lucrative as Chinese home prices soared. It transformed Hui, a former steel industry employee from a rural village, into China s richest man. And it turned his company, China Evergrande Group, into a vast real-estate empire. But as Evergrande grew increasingly laden with debt, the company resorted to ever-more unorthodox strategies to generate funds.
In early May, a loud explosion rocked Shambat, a neighborhood to the north of Sudan's capital of Khartoum. The seven victims of the Shambat strike share something in common with many of the fatalities in the war that has ravaged Sudan since mid-April: They are not included in the official death count in Khartoum State, which has seen most of the fighting between the Sudanese army and the country’s main paramilitary group, the Rapid Support Forces (RSF). A Reuters tally of death figures recorded by local activists and volunteer groups indicates that the civilian death toll for the wider capital may be more than double the official count, underscoring the devastating impact of the more than 100-day long war on the Sudanese people.
Sudan war s death toll in Khartoum is double official figures, independent tallies show reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.