Lately, the Evergrande Group, one of China's biggest property developers, has been in the news for all the wrong reasons. Shares of its Hong Kong listed company have been on a roller coaster ride after a letter the company allegedly wrote to the government of Guangdong Province surfaced recently, suggesting the company was desperate for cash and heavily in debt. While the company insists the letter was fabricated, it's notable that its debt load now tops $120 billion.
Making sense of Evergran
Subscribe or login to read the rest.
Subscribers get full access to:
- Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
- A weekly curated reading list on China from Andrew Peaple.
- A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our
Subscriptions page for details.
Includes images from Depositphotos.com
