China Evergrande, facing collapse under debt mountain, stays silent on missed payment


Evergrande’s mannequin of speedy, debt-fueled growth through the growth years of China’s urbanization made the group one of many nation’s largest builders and briefly turned Xu Jiayin, its founder, into China’s wealthiest enterprise individual. Chinese language cities are dotted with Evergrande’s high-rise flats, a lot of them snapped up as investments by newly minted members of the nation’s burgeoning center class lately. | China Evergrande, going through collapse beneath debt mountain, stays silent on missed cost


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