BBCNEWS World Business Report June 4, 2024 04:47:00
And troubled property developer evergrande has published long—delayed results for 2021 and 2022 revealing big falls in revenue and big losses. it lost $66 billion in 2021 and near $15 billion in 2022. live now to mariko oi in our asia business hub. evergrande is back in the spotlight — remind our viewers why this company is so significant? as you said if you remember for many months, since late 2021 we kept talking about evergrande didn't we which came into the spotlight as the world's most indebted property developer at the heart of the housing crisis in china. at one point we know the co...