Economic developing countries news coverage

Cash-strapped developer Country Garden (2007.HK), opens new tab said on Saturday more than 30 of its projects had been listed by Chinese local governments as suitable for financing support, as authorities aim to inject liquidity into the crisis-hit sector. Reuters News said China’s largest private property developer said in a statement to Reuters that its projects […]

According to Reuters reports, a Hong Kong court on Monday ordered the liquidation of property giant China Evergrande Group (3333.HK), opens new tab, dealing a fresh blow to confidence in the country’s fragile property market as policymakers step up efforts to contain a deepening crisis. Justice Linda Chan decided to liquidate the world’s most indebted developer, with more than […]