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Chinese property developer Evergrande posts $81 billion loss over the past two years

China Evergrande Group posted a combined loss of $81 billion in its long overdue earnings report late on Monday. The world’s most indebted property developer fell into default in 2021 and announced an offshore debt restructuring program in March, having struggled to finish projects and repay suppliers and lenders. Evergrande’s net losses for 2021 and […]

The post Chinese Property Developer Evergrande posts $81 billion loss over the past two years appeared first on Balanced News Summary.



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Chinese property developer Evergrande posts $81 billion loss over the past two years

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