Jakarta – Chinese real estate giant Evergrande, which is the largest property company filed for protection to the bankruptcy court in the United States. Evergrande is a bad example of the property crisis in China. The company, which President Joko Widodo has alluded to in front of Indonesian developers, seeks protection under Chapter 15 of … Read more
A collapse of Country Garden would have catastrophic repercussions for China’s financial system and economy, as would its heavily indebted rival Evergrande. Chinese real estate giant Country Garden, which is facing crisis, has announced “great doubts” about its bond repayments, exacerbating concerns about China’s heavily indebted real estate sector. The company said in a statement … Read more
2023/05/20 21:54 According to Chinese media, Wang Jianlin is in a difficult situation and may follow in the footsteps of Evergrande Xu Jiayin. (Associated Press file photo) [Compile Wei Guojin/Taipei Report]China’s “Sina Finance” reported that China’s former richest man Wang Jianlin’s Wanda Group is negotiating with banks to extend the debt repayment period. The group … Read more
Jakarta – Chinese New Year or Chinese New Year should be celebrated with great joy and fun. This does not seem to have happened to the Chinese businessman, Hui Ka Yan alias Xu Jiayin. This is because the founder of the Chinese property giant Evergrande Group must pay off mounting debts in 2023. Quoted from … Read more
Original title: Was former President Ke Peng investigated by the police? Evergrande: There is no accurate inside information Insider: A media person who joined Evergrande after interviewing Xu Jiayin Former President Ke Peng under investigation by police? Evergrande: There is no accurate inside information Insider: A media person who joined Evergrande after interviewing Xu Jiayin … Read more