For decades, buying property was considered a safe investment in China. Now, instead of building a foundation of wealth for the country’s middle class, real estate has become a source […]
China Evergrande Group
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Back to news homeChina’s Economy Is Slowing, a Worrying Sign for the World
BEIJING — Construction and property sales have slumped. Small businesses have shut because of rising costs and weak sales. Debt-laden local governments are cutting the pay of civil servants.China’s economy […]
China Evergrande Has Defaulted on Its Debt, Fitch Says
HONG KONG — For weeks, global markets have been watching the struggles of China Evergrande, a teetering real estate giant weighed down by $300 billion or more in obligations that […]
China Evergrande Investors Relax Despite Default Deadline
HONG KONG — For months, as a troubled property company called China Evergrande spooked global markets with its financial problems, Beijing sat on the sidelines.Now, the government is taking a […]
China Evergrande Troubles Spread Through Property Sector
When times were flush for the property developer China Fortune Land, it bought a trophy soccer club and recruited star athletes from Argentina. These days, the players with the club, […]
China Evergrande Makes Payment to Dodge Default, Media Says
HONG KONG — China Evergrande, the troubled property giant that is teetering on the edge of collapse, appears to have bought itself a little more time.On Friday, the world’s most […]
China Evergrande Gets Soft Treatment in Chinese Media
As China Evergrande Group teeters on the edge of collapse, videos of protesting home buyers have flooded social media. Online government message boards teem with complaints and pleas for intervention […]
China’s GDP Growth Slows as Property and Energy Take a Toll
Volkswagen, the market leader in China, said on Friday that its production had been falling as the company faced an ever-worsening chip shortage and other supply chain issues. The company […]
Home Buyers Who Went All In on Evergrande Now Want Out
China is trying to cool its costly and dangerously debt-ridden housing market, where high prices and go-go levels of borrowing and spending are increasingly seen as a national threat.But as […]
Another Chinese real estate developer misses a payment.
A Chinese real estate developer missed a key payment to foreign bondholders this week, heightening the persistent fears of a coming crisis in China’s real estate sector.The developer, Fantasia Holdings […]