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