![China property giant Evergrande files for US bankruptcy protection - BBC News](https://nexth.city/upload/media/posts/2023-08/18/china-property-giant-evergrande-files-for-us-bankruptcy-protection-bbc-news_1692376765-b.jpg)
201
views
views
Property giant Evergrande has filed for bankruptcy protection in the US as the real estate crisis in China deepens.
It will allow the heavily-indebted company to protect its assets in the US as it works on a multi-billion dollar deal with creditors.
Evergrande defaulted on its huge debts in 2021, which sent shockwaves through global financial markets.
It will allow the heavily-indebted company to protect its assets in the US as it works on a multi-billion dollar deal with creditors.
Evergrande defaulted on its huge debts in 2021, which sent shockwaves through global financial markets.
Comments
0 comment