Weeks after signaling it could no longer go on, the troubled Chinese property developer has pledged to start paying its workers and completing projects again. Buyers are skeptical.
Author: Alexandra Stevenson and Joy Dong
China Evergrande Troubles Spread Through Property Sector
Global markets just weeks ago were fretting over the possible failure of Evergrande. Now the developer says the worst is over, even as other companies show signs of trouble.
Home Buyers Who Went All In on Evergrande Now Want Out
China Evergrande Group’s financial troubles, and the government policies that helped push it to the brink of collapse, have threatened an important economic driver: home sales.