Posted 8/22/2023, 12:43:04 PM

Evergrande Bankruptcy: Chinese Real Estate Sector In Crisis As Evergrande Collapses

Chinese property developer Evergrande has filed for Chapter 15 bankruptcy protection in the U.S., raising concerns about China's debt crisis and a possible economic slowdown in the world's second-largest economy.

forbes.com

Relevant topic timeline:

8/28/2023

China's Evergrande says losses narrowed by 50% in the first half of 2023 as shares plunge

Evergrande Group, the highly indebted Chinese real estate developer, has reported a narrower net loss for the first half of the year thanks to a rise in revenue driven by the property market's short-term boom, despite the company facing financial struggles and applying for bankruptcy in the US.

9/6/2023

Evergrande soars 70% leading Chinese property stocks higher after Country Garden avoids default

Shares of Chinese property developer Evergrande surged as much as 82% on Wednesday, leading gains on the Hang Seng Index, following reports of successful bond coupon payments by Country Garden, signaling a potential recovery in the country's property sector.