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Oct 30, 2023

Chinese property giant Evergrande given one last chance to agree debt deal

From the BBC World Service: Evergrande has been told it has weeks to avoid liquidation by agreeing a repayment plan for the money it owes.

A woman rides a scooter past the construction site of an Evergrande housing complex. Local governments have relied mainly on real estate for revenue and now it needs to shift to taxes. — A woman rides a scooter past the construction site of an Evergrande housing complex. Local governments have relied mainly on real estate for revenue and now it needs to shift to taxes.
Jade Gao/AFP via Getty Images

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