Friday, August 18, 2023

Giant Chinese property developer with giant debts seeks US bankruptcy protection

CUE:

A giant Chinese property developer is asking for bankruptcy protection in the United States – another sign that China’s real estate crisis and economic woes continue to get worse.

Estimates say the company, Evergrande, owes around three hundred billion 


Andrew Wood reports from Hong Kong


IN: “China's property boom.,,

OUT: …Andrew Wood, Hong Kong.”

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