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Evergrande, the heavily indebted Chinese property giant, filed for bankruptcy protection Thursday in New York, raising concerns about ripple effects as China faces slow economic growth and a sluggish real estate sector.
Evergrande, the heavily indebted Chinese property giant, filed for bankruptcy protection Thursday in New York, raising concerns about ripple effects as China faces slow economic growth and a sluggish real estate sector.
‘Relay loans’ that can pass on to children follow other moves to make borrowing more flexible
Analysts see China’s real estate market entering a period of stress with Beijing moving to contain fallout.
China’s bid to sustain its debt-ridden goods market has become a high-stakes balancing act: holding on to overpriced real estate construction without