Category: indebted

Will China’s Real Estate Crash Trash the Global Economy?

September 26, 2021
China real estatedistorted marketevergrandeindebtedLehman BrothersOpinionThinking About ChinaViewpoints
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Commentary Is China’s real estate-based economy on the brink of collapse? A big part of it just might be, if not all of it. Evergrande, China’s second largest real estate developer and the world’s most indebted property developer, is in danger of defaulting on loan service payments. Much of the debt is held by Chinese…

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Two More Suppliers Say Payments Are Overdue From Indebted Evergrande

August 4, 2021
Business & EconomyChinaevergrandeindebtedproperty developer
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HONG KONG—Advertising firm Leo Group said it is applying to a Chinese court to freeze $356 million yuan ($55.06 million) in assets of Evergrande Group for overdue payments, the latest supplier to sue the indebted property developer. Leo’s lawsuit disclosed in a securities filing late on Monday comes after Huaibei Mining Holdings said last week…

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