China. Property giant Evergrande is shaking up the global economy

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1 October 2021 à 15h16

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1 minute

Publication: 1 October 2021 à 15h16

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Publication

1 October 2021 à 15h16

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Publication: 1 October 2021 à 15h16

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Chinese developer Evergrande (US$304 billion in debt in June 2021) announced at the end of September that it was selling its stake in Shengjing Bank to a state-owned company for US$1.55 billion.

Is this a sign of Beijing’s willingness to save the world’s most indebted developer, which keeps recording payments and delivery defaults? The group has tried to sell other assets, including stakes in various companies (electric vehicles, property management services) plus an office building

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