China’s Real Estate Turns A Giant Zombie: Evergrande’s 400M Hermès Belt Loss. Where’s the Money?

Recently, China’s troubled property giant, Evergrande Group, which has been mired in a debt crisis since last year, once again drew public attention. On August 17th, Evergrande Group filed for creditor protection in a U.S. Manhattan bankruptcy court, seeking the court’s approval for a 19 billion US dollars debt restructuring. #evergrande #chinarealestate #chinaeconomy #chinaobserver All rights reserved.