What's Next For Evergrande's Creditors and What Their Collapse Means for Global Business
The Global Small Business Blog
FEBRUARY 2, 2024
©iStock/LewisTsePuiLung A Hong Kong court on recently ordered the liquidation of Evergrande, the heavily indebted Chinese property giant. The decision comes two years after the company defaulted, setting off a financial crisis at other developers and adding to the challenges facing the world’s second-largest economy. The company’s dissolution raises questions about fairness for overseas creditors — which could have wider implications for foreign businesses operating in China.
Let's personalize your content