China Evergrande is ordered to liquidate, with over $300 billion in debt. Here’s what that means.
A court in Hong Kong on Monday ordered China Evergrande to be liquidated in a decision that marks a milestone in China’s efforts to resolve a crisis in its property industry that has rattled financial markets and dragged on the entire economy. Here’s what happened and what it means, looking ahead. WHAT IS CHINA EVERGRANDE?…