Property giant Evergrande has filed for bankruptcy protection in the US as the real estate crisis in China deepens.
It will allow the heavily-indebted company to protect its assets in the US as it works on a multi-billion dollar deal with creditors.
Evergrande defaulted on its huge debts in 2021, which sent shockwaves through global financial markets.
The group’s real estate unit has more than 1,300 projects in more than 280 Chinese cities, according to its website.
Please subscribe here: http://bit.ly/1rbfUog
#China #US #BBCNews
ROMA (ITALPRESS) – “La separazione delle carriere” di giudici e pubblici ministeri “è una garanzia per tutti i cittadini”, “distinguere…
NAPOLI (ITALPRESS) – I militari del Comando Provinciale della Guardia di finanza di Napoli, a Torre Annunziata, hanno individuato un…
CATANIA (ITALPRESS) – Gli agenti della Polizia di Stato hanno arrestato un esponente del clan Mazzei di Catania, condannato in…