Has China's growth story hit a roadblock? The GDP growth rate has slowed down. The national debt is nearing the IMF red line & now property giant Evergrande has filed for bankruptcy..
Chinese Property Giant Evergrande , Files for Bankruptcy Protection.
Evergrande filed for Chapter 15 bankruptcy protection in a Manhattan court on Aug. 17.
The firm is reportedly seeking recognition..
Credit: Wibbitz Top Stories Duration: 01:31Published
China’s Evergrande Group, the world’s most heavily indebted property developer and the poster child for the country’s property crisis, has filed for bankruptcy protection in a US court. The..
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