It launched project after project in every Chinese province, selling apartments years before they were completed and scratching together enough cash to stay just ahead of massive interest bills.
The party has ended.
Years of aggressive borrowing have collided with Beijing’s crackdown on debt, leaving the giant developer on the brink of collapse.
WSJ 18 September 2021
Evergrande Group har skulder på 305 miljarder dollar, motsvarande drygt 2 600 miljarder kronor.