What Is China Evergrande And Why Is It In Trouble?

China Evergrande Group is quickly becoming the biggest financial worry in a country with no shortage of them. Fears of a default by the developer, with $300 billion in liabilities, intensified in recent days after it said it may not have enough funds to meet obligations and that it plans to work with creditors on a restructuring plan.

BING NEWS:
  • China Intensifies Investigation On PwC For Possible Role In Historic $78B Evergrande Fraud: Report
    The Chinese securities regulator has accused Evergrande's subsidiary, Hengda Real Estate Group, of inflating sales and significantly overstating its revenue from 2019 to 2020, prior to Evergrande's ...
    03/21/2024 - 7:33 pm | View Link
  • China scrutinises PwC role in $78 bln Evergrande fraud case, Bloomberg News reports
    Chinese authorities are examining the role of PricewaterhouseCoopers(PwC) in China Evergrande Group's accounting practices after the developer was accused of a $78 billion fraud, Bloomberg News ...
    03/21/2024 - 5:48 pm | View Link
  • China Scrutinizes PwC Role in $78 Billion Evergrande Fraud Case
    Chinese authorities are examining the role of PricewaterhouseCoopers LLP in China Evergrande Group’s accounting practices after the developer was accused of a $78 billion fraud, ramping up pressure on ...
    03/21/2024 - 1:00 pm | View Link
  • Founder of China’s Evergrande Group Fined $47 Million Yuan for Falsifying $78 Billion Revenue
    China Evergrande Group, the embattled developer at the epicenter of China's real estate turmoil, has been accused of inflating its ...
    03/20/2024 - 4:39 am | View Link
  • Evergrande: China property giant and its founder accused of $78bn fraud
    Struggling Chinese property giant Evergrande and its founder, Hui Ka Yan, have been accused of inflating revenues by $78bn (£61.6bn) in the two years before the firm defaulted on its debt. The country ...
    03/19/2024 - 2:27 am | View Link
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