What You Need to Know About Evergrande

News Analysis The financial woes of Evergrande have rippled through global financial markets, while investors are bracing for more volatility as Evergrande’s situation unfolds. So, what is Evergrande, why is it in the news, what went wrong, and what might happen next? What is Evergrande? Evergrande is a behemoth of a property developer in China. It owns 1,300 projects in more than 280 cities and is China’s largest property developer by sales.  But it does a lot more than property development. Its business has expanded to include theme parks, electric vehicles, financial services, mineral water and it even owns a…

Source link : What You Need to Know About Evergrande by The Epoch Times

You May Also Like

Central Asian elites choose China over Russia

Author: Jon Yuan Jiang Since 2019, more than 40 protests were held…

Undetected Chinese Fishing Fleets Suspected of Invading Argentina’s Waters: Report

A recent report documented up to 6,000 foreign fishing vessels that disabled…

R14.1m cocaine stash intercepted at Ngqura harbour

Police intercepted cocaine worth R14.1 million in a sting operation in the…

Beijing Has No Choice but to Buy Australia’s Iron Ore: Economist

Despite politically motivated trade sanctions on Australian goods, Beijing has been left…