Housing crisis in China: Evergrande shares tank after re-entering trade | DW News

November 7, 2021 By admin 0


Shares in struggling Chinese developer Evergrande tanked more than 12 percent as it resumed trading in Hong Kong… share trading had been suspended for 17 days to allow the planned sale of its property services arm. Evergrande is the world’s most indebted property firm and faces a series of bond defaults, raising the possibility of contagion for the Chinese economy.

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