Chinese police have detained some staff of Evergrande’s wealth management unit after the company failed to repay investors, in the first criminal probe launched against the embattled property developer since it was hit by a massive debt crisis in late 2021.
we look at how international travel from china has not recovered after the pandemic. hello there and welcome to asia business report. as we have been reporting, us commerce secretary gina raimondo was in beijing this weekend. we will get to that shortly but firstly i want to bring you breaking news about a chinese property giant, ever grand whose shares have started trading for a second day this morning and they are now down about 14%. on monday after the suspension was lifted since march last year the shares tanked by nearly 80%. it basically lost more than $2 billion in market cap. on friday the company said it met guidelines that are set out by
invasion. the borders are open but they are not using them. we look at how international travel from china has not recovered after the pandemic. hello there and welcome to asia business report. as we have been reporting, us commerce secretary gina raimondo was in beijing this weekend. we will get to that shortly but firstly i want to bring you breaking news about a chinese property giant, ever grand whose shares have started trading for a second day this morning and they are now down about 14%. on monday after the suspension was lifted since march last year the shares tanked by nearly 80%. it basically lost more than $2 billion in market cap. 0n billion in market cap. on friday the company said it met guidelines that are set out by
in you as a worker. before we go let s remind you of breaking news this allah because shares in evergrande, china s property giant which has become a poster child of the country s property sector debt crisis, its shares have started trading this morning. they are currently down by 83 84%. shares were suspended last march after it was revealed they had a debt of around $300 billion. that was the estimate that a lot of analysts were talking about and recently we found out that it lost more than 80 billion over the last two years and just lost $4.5 billion in the first six months of this year. that is it for the show. thank you so much for watching. bbc news, bringing you different stories from across the uk. for english heritage, the last four years have been a labour of love