The Slow Burn Accelerates as China Evergrande Goes into Liquidation
Posted on 02/08/2024
China Evergrande Group had US$ 242 billion in assets. The property conglomerate has US$ 19 billion in offshore bonds that are in default. Evergrande has total liabilities of US$ 300 billion. Consumers in China purchased property from Evergrande even before building construction initiated. These consumers have paid deposits and could potentially lose the money. Evergrande…
