Sunday, January 28, 2024

Evergrande Will Be Dismantled, a ‘Big Bang’ End to Years of Stumbles

 Evergrande Will Be Dismantled, a ‘Big Bang’ End to Years of Stumbles
After multiple delays and even a few faint glimmers of hope, a Hong Kong court has sounded the death knell for what was once China’s biggest real estate firm.

Evergrande epitomized the rise of China’s property frenzy, building developments like Evergrande Mansions in Guangdong. Over borrowing led to its collapse.Credit...Gilles Sabrié for The New York Times