Why should I care if China property giant collapses? Beállítások

[Kennocha]

A crisis at the world's most indebted company has worsened after its chairman was placed under police surveillance.

It follows earlier reports that other current and former executives at Chinese property giant Evergrande had also been detained.

Evergrande suspended the trading of its shares in Hong Kong on Thursday until further notice.

It marks another low for the firm which was declared to be in default in 2021 after missing a crucial repayment deadline, triggering China's current real estate market crisis.
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