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