Sunday, December 22

Tag: Evergrande

China Evergrande Avoids a Debt Disaster—for Now
4Dec By adminNo Comments
World

China Evergrande Avoids a Debt Disaster—for Now

China Evergrande Group, the giant property developer whose default two years ago fueled a crisis in the country’s real-estate market, got some unexpected good news on Monday.The company, once China’s largest property developer by sales, was given until late January 2024 to reach a debt restructuring deal, after Hong Kong’s High Court postponed a hearing that could have pushed Evergrande into liquidation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Don’t Count on Economic Woes to Deter China
28Nov By adminNo Comments
Health

Don’t Count on Economic Woes to Deter China

Nov. 28, 2023 12:54 pm ETDuring his September trip to Vietnam, President Biden dismissed a reporter who asked for his thoughts on the threat the Chinese Communist Party poses to Taiwan. “I think China has a difficult economic problem right now,” Mr. Biden said. “I don’t think it’s going to cause China to invade Taiwan. And matter of fact, the opposite—it probably doesn’t have the same capacity that it had before.”Mr. Biden’s response perhaps explains why his administration’s China policy has veered away from competition and toward accommodation. The hope is that Beijing’s economic woes will make it more conciliatory. But that assumption badly misunderstands the power-hungry nature of the Chinese Communist Party and the lessons of history.Copyright ©2023 Dow Jones & Company, Inc. All R...
Read More
China Evergrande Winding-Up Hearing Adjourned to Dec. 4
30Oct By adminNo Comments
Money

China Evergrande Winding-Up Hearing Adjourned to Dec. 4

China Evergrande has been given another chance to restructure its billions of dollars in debt as a court adjourned a hearing to wind up the company.The heavily indebted Chinese property developer said that a Hong Kong High Court had moved the hearing, scheduled on Monday, to Dec. 4.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
China Evergrande Winding-Up Hearing Adjourned to Dec. 4
30Oct By adminNo Comments
World

China Evergrande Winding-Up Hearing Adjourned to Dec. 4

China Evergrande has been given another chance to restructure its billions of dollars in debt as a court adjourned a hearing to wind up the company.The heavily indebted Chinese property developer said that a Hong Kong High Court had moved the hearing, scheduled on Monday, to Dec. 4.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
China Evergrande's 11th-hour cancellation of a restructuring affecting more than $19 billion of its international bonds could lead to a messy collapse and have "a catastrophic effect" on other troubled companies in the property sector, its bond investors said.
10Oct By adminNo Comments
World

China Evergrande's 11th-hour cancellation of a restructuring affecting more than $19 billion of its international bonds could lead to a messy collapse and have "a catastrophic effect" on other troubled companies in the property sector, its bond investors said.

China Evergrande’s 11th-hour cancellation of a restructuring affecting more than $19 billion of its international bonds could lead to a messy collapse and have “a catastrophic effect” on other troubled companies in the property sector, its bond investors said.
Read More