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

ASEAN supply chain links with China and the perils of decoupling

Author: Ken Heydon, LSE China’s global value chain (GVC) links with ASEAN…

What Southeast Asia wants from the Biden presidency

Author: Dewi Fortuna Anwar, P2P-LIPI Southeast Asians are predisposed to welcome the…

How COVID-19 is undermining international trade law

Author: Bryan Mercurio, CUHK The COVID-19 pandemic will have a lasting effect…

Philippine elections expose the politics of China policy

Author: Editorial Board, ANU When, how, and why do domestic politics shape…