The company was given until late January 2024 to reach a debt restructuring deal after Hong Kong’s High Court postponed a hearing that could have pushed Evergrande into liquidation.
PROPERTY
China Evergrande Avoids Liquidation With Yet Another Last Chance
With total liabilities of $327 billion, Evergrande has come to embody the liquidity crisis that has spread across the country’s vast real estate industry, which accounts for 25% of China’s GDP. Since …
Give us our flats! The angry victims of China’s property crisis
I feel the property rights and livelihood rights of the homeowners … They are in good company: a group of dissident netizens began collecting data on boycotts across China in June 2022, revealing …
Global debt crisis goes well beyond China’s property sector woes
The crisis in China’s property sector has been in the spotlight in the past year, but the rise in global debt levels should not escape the world’s attention Investors and analysts have been more …
China’s real estate slump shatters myth of ever-rising prices
The long slump in the industry, which accounts for about 30% of China’s gross domestic product, is casting a long shadow over the economy and society as a whole and looks set to continue.
China’s infernal internal affairs hypocrisy
The reality is China has a rapacious appetite for interfering in the internal affairs of other nations. It does so by stealing hundreds of billions of dollars worth of other nations’ intellectual …
Executives Keep Disappearing in China’s Slow-Motion Real Estate Meltdown
The bubble really burst two years ago, when real estate developer Evergrande declared insolvency, setting off a chain reaction of defaults and business losses that have dragged down the Chinese …
China new home prices inch up for third month in November – survey
China’s new home prices rose slightly for a third straight month in November, a private survey showed on Friday, as the crisis-hit property sector struggles to stabilise despite a slew of government …
Column-Global pension funds now balking at China: Mike Dolan
Even allowing for China’s messy cyclical ebb and flow and global political tensions of the day, the exit of long-term foreign capital from the world’s second-biggest economy is startling.China’s …
China’s property market: China’s biggest lenders still have a lot of debt to resolve, says economist
Hao Hong, chief economist at Grow Investment Group, discusses China’s economic outlook and Chinese banks’ “very large exposure” to the property sector.
Morgan Stanley China Real Estate Banker Lida Ren Leaves Company
Lida Ren, Morgan Stanley’s real estate investment banker focused on China, has left the US firm amid a drop of property deals in the world’s second largest economy.
Xi Says China Must Protect Foreign Firms’ Rights, Intellectual Property
Chinese leader Xi Jinping has ordered greater protection for international firms’ rights and intellectual property, state media reported Tuesday, as Beijing works to lure in foreign companies spooked …
The human cost of China’s property crisis
While China’s residential property prices were up almost a third in the first quarter of this year compared with a decade ago, according to data compiled by the Bank for International Settlements, …
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