A Hong Kong court issued a winding-up order for China Evergrande, the beleaguered real estate giant, as the company faces bankruptcy. The decision comes as Evergrande grapples with massive debts, emblematic of a prolonged crisis in China's property market. Evergrande, once China's largest real estate firm, failed to repay interest on its loans, formally defaulting in December 2021. Read The Rest at :
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