The defaulted company has until a Hong Kong court hearing on Monday to present a "concrete" revised debt restructuring proposal for offshore creditors, a judge said last month after its original plan had lapsed.

With more than $300 billion in liabilities, Evergrande exemplifies a crisis in China’s property sector, which makes up one-quarter of the world’s second-biggest economy.

  • filoria@lemmy.mlEnglish
    71·
    7 months ago

    Evergrande is fucked, but China will pull off a soft landing.