Despite government intervention, China's property crisis has been deepening as shadow bank Zhongzhi Enterprise Group declared bankruptcy on Jan. 5. The bank, which had financed the operations of several Chinese property developers over the years, stated in August 2023 that it was facing a liquidity crisis with many real estate companies defaulting on their debt and interest payment obligations. Colossal Liabilities Zhongzhi Enterprise had assessed its overall obligations to be in the range of 42
China Evergrande s EV unit could complicate debt restructuring efforts finance-commerce.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finance-commerce.com Daily Mail and Mail on Sunday newspapers.
MACAU DAILY TIMES 澳門每日時報Evergrande s EV company says police have detained one of its top executives macaudailytimes.com.mo - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macaudailytimes.com.mo Daily Mail and Mail on Sunday newspapers.
BANGKOK A top executive of China Evergrande s electric vehicle company has been detained by police in the latest sign of trouble for the world s most heavily indebted property developer.