Evergrande Collapse
China Evergrande once the countrys second-largest real estate developer is drowning in debt. Some 15 million people have put deposits on new homes that have yet to be built.
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As Chinas Evergrande verges on.
Evergrande collapse. Evergrandes shares which trade on the Hong Kong Stock Exchange have spiraled down since late 2017 and on Friday closed at the equivalent of about 45 US cents. At its Shenzhen headquarters angry suppliers and investors demand overdue pay. China Evergrande is struggling with more than 300 billion in debt.
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