Evergrande’s collapse isn’t just about one massive Chinese real estate company - it’s about contagion. In a highly interconnected economy, the fall of a single company can trigger a chain reaction ...

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

Evergrande could go the way of other failed businesses, such as HNA Group or Anbang, he added. Ten years ago, they were among China’s largest private conglomerates, having gone on a global ...

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 was formerly one of China’s largest developers by sales. But it’s laden with huge amounts of debt, thanks to years of aggressive borrowing to fund its land buying spree.

Evergrande’s total assets, meanwhile, were valued at only 1.838 trillion yuan ($256 billion), which means it could be insolvent. The company’s employee headcount fell by 17% to 102,910 by the ...

Evergrande also diverted loans that had been secured by its property-services unit, which was publicly listed, to pay Evergrande’s operational and financial needs, ...

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

China Evergrande's New Energy Vehicle division continues basic operations amid financial strain. The company sustains ...

Evergrande’s beginnings as a homebuilder were modest. Mr. Hui, a former steel factory worker, founded the company and oversaw its growth over a quarter century into a property giant.