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Shockwaves In The East: Zhongzhi's Bankruptcy Exposes China's Deepening Property Crisis

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

MACAU DAILY TIMES 澳門每日時報Evergrande's EV company says police have detained one of its top executives

Top exec of China Evergrande EV firm detained by authorities | The Arkansas Democrat-Gazette

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.

China Evergrande's EV unit announces its executive director detained

China Evergrande's electric vehicle company said on Monday its top executive had been detained by police, in the latest sign of trouble for the.