INSANE: 5 - The Real Truth

Evergrande shares plunge further amid China economy fears

Property developer’s value fell by more than $2bn as stock resumed trading after 17-month suspension

The Guardian - UK · Aug 29, 2023

Country Garden to be booted from Hong Kong's stock index

Country Garden is reportedly trying to extend the payment period for a bond due in September as it tries to avoid a default.

Fortune · Aug 21, 2023

China cuts key interest rate amid economic slowdown

Central bank reduces one-year loan prime rate but surprises analysts by leaving five-year rate unchanged

The Guardian - UK · Aug 21, 2023

China’s struggling property giant Evergrande files for bankruptcy protection in US

The company’s chapter 15 protection will protect its US assets while it attempts a restructuring deal

The Guardian - AU · Aug 18, 2023

China's government tries to defuse economic fears after real estate developer's debt struggle

China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy

The Independent UK · Aug 17, 2023

Country Garden’s losses fan worst fears on China property market

BEIJING: Less than two years after China Evergrande Group’s default sent shockwaves around the world, an even larger Chinese developer is on the brink.

The Times of India · Aug 11, 2023

China hailed a property developer with $64 billion in revenue as a role model. Now the country’s property crisis threatens to send it into default too

Country Garden was meant to be a survivor of China’s property crisis, but a missed interest payment shows that it’s also tight on cash.

Fortune · Aug 10, 2023

Will China’s Property Crisis Worsen?

China’s Country Garden Holdings, one of China’s largest private-sector property developers, is late on delivering coupon payments on its debt, sparking fears the company could soon default. The company failed to pay coupon payments due Monday. Country Garden Holdings owes $10.5 million of interest on a dollar bond that matures...

Barchart · Aug 9, 2023

NEVS Emily GT To Be Produced At A Former Saab Plant

The NEVS Emily GT is set to begin production in Saab's former Trollhättan plant.

InsideEVs · Jul 30, 2023

China Evergrande reports its debt rose to $340 billion in 2022. It plans meetings with creditors

China Evergrande, the property developer whose woes helped bring about a slump in the country’s vitally important real estate market, has reported its debts rose further to about $340 billion by the end of last year

The Independent UK · Jul 18, 2023