Once a beneficiary of China’s property boom, Lan Mingqiang is now an unwitting casualty of its unraveling.The financial troubles at one real estate company, Country Garden, have left him unable […]
China Evergrande Group
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Back to news homeChina Faces a Crisis in Its Real Estate Sector
A model Chinese property developer in a sector replete with risk takers is teetering on the edge of default. Short of cash, one of China’s biggest asset managers has missed […]
Country Garden’s Stock Plunges After Report of Huge Losses
It was considered the gold standard in China’s increasingly shaky housing market. Now investors are treating Country Garden, the giant developer, like a ticking time bomb.The company, China’s last major […]
Country Garden Is Latest Chinese Real Estate Giant in Trouble
Remember China Evergrande, that Chinese real estate behemoth whose mountain of debt sent global markets spiraling in 2021? Its collapse signaled the start of a crisis for China’s housing market, […]
Real Estate Crisis Is at the Heart of China’s Economic Troubles
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 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 […]