China’s embattled property developer is to wind down operations, bringing more questions on how the country’s struggling construction sector will continue
China Evergrande has been ordered to liquidate The real estate giant owes over $300 billion elpais.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elpais.com Daily Mail and Mail on Sunday newspapers.
A government crackdown on surging debt has tipped China's property industry into crisis, making it a drag on the economy, with ripple effects on financial systems in and outside China.