What property giant Evergrande's sentence means for China's economy
- East Asia Evergrande's fortunes reversed in 2020, when new regulations from China seeking to limit excessive borrowing in the real estate sector complicated Evergrande's ability to make payments.
- An aerial view shows the 39 buildings developed by China Evergrande Group in Danzhou, Hainan province, China, Jan 6, 2022.
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- East Asia Evergrande's fortunes reversed in 2020, when new regulations from China seeking to limit excessive borrowing in the real estate sector complicated Evergrande's ability to make payments.
- An aerial view shows the 39 buildings developed by China Evergrande Group in Danzhou, Hainan province, China, Jan 6, 2022.
Sources: CNA