Chinese Real Estate Company Evergrande Going Bankruptcy

Source: Internet

In a story by KYODO NEWS on September 20th, 2021, it explains that The Evergrande Group, a major Chinese property developer, is facing bankruptcy with its liabilities swelling to over $300 billion, sparking concern of a potential resurgence of the 2008 global financial crisis caused by the collapse of the U.S. securities firm Lehman Brothers Holdings Inc.

Will Evergrande survive under Billionaire Xu Jiayin, one of the founders of Evergrande, who is now the mainland’s most indebted real estate developer, is there “confidence of overcoming the “darkest phase?” also will the Communist-led government step in and help?. What has caused its imminent and inevitable bankruptcy?

To read more about this intriguing story, please click here: Major Chinese property developer faces default, fans financial woes

Editor: LaBelle / PR: Mr. Cow


Edited by:【Himalaya London Club UK】

Disclaimer: This article only represents the author’s view. Gnews is not responsible for any legal risks.

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