China Evergrande seeks Chapter 15 protection from creditors, facing 40% default rate in Chinese home sales since 2021.

⚠️CHINESE PROPERTY GIANT EVERGRANDE BANKRUPT – NY COURT

— Don Johnson (@DonMiami3) August 17, 2023

WOW!
CHINA’S SECOND LARGEST PROPERTY DEVELOPER #EVERGRANDE HAS JUST FILED FOR BANKRUPTCY

Chapter 15 bankruptcy protection (NY) pic.twitter.com/2x9mPowevW

— jeroen blokland (@jsblokland) August 17, 2023

👀 pic.twitter.com/M2Ge4Cxn36

— Genevieve Roch-Decter, CFA (@GRDecter) August 17, 2023