Its shares have lost more than four-fifths of their value over the past year. Its foreign-traded bonds plunged, too, leaving global investors in some cases with investments valued at roughly 25 cents to the dollar. The property developer has become corporate China’s biggest mess....
Hundreds of its unfinished property developments dot the skyline in cities across the country. Evergrande’s troubles have cast doubt over China’s property market, one of its most important economic growth engines, b
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2021-09-14 00:00:00.0