The troubled real estate giant faced the threat of default if it didn’t meet its obligations to foreign bondholders by Saturday.
Tag: China Evergrande Group
China’s GDP Growth Slows as Property and Energy Take a Toll
Growth of 4.9 percent shows the country’s huge industrial sector has run into trouble. But exports and services are looking strong.
In China’s Super League, Everyone Seems to Be Losing
Chinese teams once embraced ambition and overspending in a bold attempt to reshape their sport. Now they don’t even play games.
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.
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.
The End of a ‘Gilded Age’: China Is Bringing Business to Heel
Executives sit in jail, tech companies are being reined in and the biggest developer is teetering. It’s the beginning of a new era for China’s economy.
How China Is Bringing Business to Heel
Executives sit in jail, tech companies are being reined in and the biggest developer is teetering. It’s the beginning of a new era for China’s economy.
China Evergrande’s Shares Are Halted as Doubts Swirl
The property giant, which cited a pending “major transaction,” owes billions. Investors worry that a collapse could hit broader markets.
How China Plans to Avert an Evergrande Financial Crisis
Control of the banking system gives Beijing the tools to stop a broader collapse, officials believe, while censorship and police powers can stifle protests.
China Evergrande Bond Payment Remains Uncertain
A payment on the troubled Chinese company’s dollar-denominated bonds was due Thursday. Its shares fell on Friday after the company said nothing.