Evergrande disaster reveals cracks in China’s property market
[ad_1] Offended homebuyers are ready on as many as 1.6 million flats. Suppliers that bought cement, paint, rebar and copper pipes are owed greater than $100 billion in funds. Workers who had been strong-armed into lending are panicking now that the corporate can’t repay them on time. China’s Evergrande Group, the embattled property developer whose … Read more
