Analysis-Evergrande liquidation highlights investor despair at China debts
A liquidation order for China's most debt-laden developer begins a drawn-out process for creditors that is likely to lay bare the depths of China's real-estate downturn and leave builders locked out of global debt markets as investors shun exposure. A Hong Kong court appointed liquidators for China Evergrande on Monday, more than two years after its default brought a years-long property boom to a shuddering halt. It has assets of $240 billion and is the world's most indebted developer with nearly $300 billion in liabilities.
Source: yahoo.com
