Explainer: Why China Evergrande Group, world’s most indebted real estate developer, was ordered to liquidate and what happens next – Times of India ...Middle East

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Explainer: Why China Evergrande Group, world’s most indebted real estate developer, was ordered to liquidate and what happens next – Times of India
China Evergrande Group, once China’s top-selling developer and now world’s most indebted real estate company, was ordered by a Hong Kong court to undergo liquidation due to its inability to manage an overwhelming debt load and to reach an agreeable restructuring plan with its creditors. The liquidation order, issued by a Hong Kong court against China Evergrande Group is a significant development with far-reaching implications for China’s property sector and the broader economy.The following explainer delves into the reasons behind the liquidation, the current situation, and the potential consequences and next steps in this complex scenario.Reasons behind Evergrande’s liquidation U

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