Is China on the brink of a spending crisis exceeding Evergrande's collapse? Explore debt deflation, low consumer spending, & ...

Evergrande has raised $1.5 billion in much needed cash. But that may do little to help it meet a new bond interest payment due Wednesday.

Shares of embattled Chinese property giant China Evergrande Group crashed 79% Monday, when they resumed trading after being suspended since March 2022. The stock was halted months after Evergrande ...

Evergrande, whose $22.7 billion worth of offshore debt is deemed to be in default, is seeking to "further enhance communications" with creditors to reach the end-July target, its executive ...

When China announced its first population decline in six decades, birth rates had hit record lows and over 100 million people were reportedly overcounted, contributing to a severe demographic crisis.

Evergrande defaults on $1.2B in foreign bonds, Fitch says, as China intervenes in debt-ridden real estate sector. December 9, 2021 / 5:58 AM EST / CBS/AFP ...

Evergrande Property Services Group , opens new tab, a spin-off listed last year, also requested a halt and said it referred to "a possible general offer for shares of the company." China's ...

Evergrande’s troubles have been brewing for a while. In recent years, debts ballooned as it borrowed to finance its various businesses, from housing and electric vehicles to sports and theme parks.

Evergrande Auto, which once had ambitions of surpassing Tesla and becoming the world’s top EV maker, boasted a market capitalization of more than $80 billion at its peak in April 2021.

Evergrande could be ordered to liquidate if the plan is rejected by its creditors. REUTERS. In September, Evergrande abandoned its initial debt restructuring plan after authorities banned it from ...

China Evergrande is struggling with more than $300 billion in debt. At its Shenzhen headquarters, angry suppliers and investors demand overdue pay. As China's Evergrande verges on collapse, its ...

The Chinese government is signaling enough is enough when it comes to the fierce competition in the country’s electric car ...