Shimao received a liquidation request from a Chinese bank, an extremely rare occurrence.
The liquidation of Evergrande will have ripple effects on China and the rest of the world.
China’s property sector crisis comes amid fast changes in the global economy. China’s economic miracle might be over.
Country Garden is China’s largest real estate developer following Evergrande’s collapse. It too, however, is on the brink of default.
The Chinese government saw the writing on the wall. Unfortunately, the Evergrande crisis might be too big for the CCP to stop it.
The UK-based Ashmore Group manages four of the 10 Luxembourg- and Irish - domiciled funds that show the largest exposure to Evergrande.