China Evergrande has been ordered to liquidate. The real estate giant owes over $300 billion – ABC News

HONG KONG — A Hong Kong court ordered China Evergrande, the worlds most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and bondholders that fueled fears about Chinas rising debt burden. It would be a situation where the court says enough is enough, Judge…

R3 in the North West responds to December 2023 insolvency statistics | LBV Hub – Lancashire Business View

Corporate insolvencies rose by 1.9% year-on-year in December 2023, and rose by 78.9% when compared to pre-pandemic levels in 2019, according to figures published today by the Insolvency Service. Corporate insolvencies decreased by 18.9% in December 2023 to a total of 2,002 compared to November’s total of 2,470, and increased by 1.9% compared to December…

From free wives to insolvency: Decoding China`s real estate turmoil – WION

China, once synonymous with rapid economic growth, is grappling with a profound real estate crisis that emerged with Evergrande’s insolvency declaration two years ago. This event triggered a series of defaults and business losses, sending shockwaves through the nation’s economy. The aftershocks of Evergrande’s collapse have reverberated across the Chinese economic landscape. Several multibillion-dollar companies…