Published On Aug 25, 2023
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Throughout the years, Evergrande stood as a symbol of China's booming real estate sector and economic prowess. In the preceding year alone, it erected housing equivalent to 300 Empire State Buildings, seemingly defying all odds. However, fast-forward to August 2023, and fortune has abandoned them. Their current predicament paints a stark contrast to their former glory, sending shockwaves through China's economic landscape and beyond.
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Sources:
https://www.globaltimes.cn/page/20210...
https://www.bbc.com/news/business-585...
https://www.nytimes.com/2021/08/10/bu...
https://supchina.com/2020/09/24/is-in...
https://www.9news.com.au/world/what-i...
https://www.nytimes.com/2021/08/10/bu...
https://www.nytimes.com/2015/03/18/bu...
https://www.nytimes.com/2018/12/30/bu...
https://www.bloomberg.com/news/articl...
https://www.cnbc.com/2021/09/17/china...
https://markets.businessinsider.com/n...
https://www.nytimes.com/article/everg...
https://dealbook.nytimes.com/2014/06/...