J3N Provides the Latest and Most Up-to-Date News, You Can Stay Informed and Connected to the World.
⎯ 《 Just 3 N : New News Now 》

Evergrande: China property giant files for bankruptcy in US

2023-08-18 10:28
The move comes as fears grow over problems in the world's second largest economy.
Evergrande: China property giant files for bankruptcy in US

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...