Property giant Evergrande has filed for bankruptcy protection in the US as the real estate crisis in China deepens.
It will allow the heavily-indebted company to protect its assets in the US as it works on a multi-billion dollar deal with creditors.
Evergrande defaulted on its huge debts in 2021, which sent shockwaves through global financial markets.
The group’s real estate unit has more than 1,300 projects in more than 280 Chinese cities, according to its website.
Please subscribe here: http://bit.ly/1rbfUog
#China #US #BBCNews
L'edizione della notte del Tg diretto da Enrico Mentana
L'informazione della testata giornalistica di LA7 diretta da Enrico Mentana
NAPOLI (ITALPRESS) – Nessun problema per il Napoli di Antonio Conte, che batte 2-0 il Verona e ribadisce il primo…
The authorities in Los Angeles warn that scammers and looters are taking advantage of victims of the wildfires that have…
BOLOGNA (ITALPRESS) – La Roma acciuffa all’ultimo respiro il 2-2 al Dall’Ara contro il Bologna: dopo il vantaggio giallorosso di…
Subscribe here: http://bit.ly/1rbfUog For more news, analysis and features visit: www.bbc.com/news #BBCNews