Articles tagged with “China Loans”
Crisis-hit Chinese property giant Evergrande has revealed that in 2021 and 2022 it lost a combined 581.9bn yuan ($81.1bn; £62bn). The firm, which defaulted on its debts in late-2021, reported its long overdue earnings to investors in Hong Kong. Evergrande has been struggling with an estimated $300bn (£229bn) of debts. The huge losses highlight how […]
5 Jul 2023·Claire Wanja
