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.
A liquidation order for China's Evergrande begins a drawn-out process for creditors that is likely to lay bare the depths of China's real-estate downturn.
NEW YORK/SINGAPORE : 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 liquidat
Analysis-Evergrande Liquidation Highlights Investor Despair at China Debts usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
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.