Evergrande China

It is based in southern China. Chinas Lehman Brothers moment.

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Now Chinese property giant Evergrande.

Evergrande china. The Evergrande Group or the Evergrande Real Estate Group previously Hengda Group is China s second-largest property developer by sales making it the 122nd largest group in the world by revenue according to the 2021 Fortune Global 500 List. It was once a darling of Chinas booming property sector expanding into football teams infant formula and electric cars. Chinas highly distressed real estate companies are at risk of collapse as the countrys highly indebted developer Evergrande is on the brink.

Evergrande crisis rattles economy Read more Evergrande shares closed 102 lower in Hong Kong on. Its main business is in real estate and its Chinas second-largest property developer by sales. Evergrande is everywhere.

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