Aerial view of China Evergrande Group's Emerald Bay housing project under construction in Hong Kong’s Tuen Mun area, on 13 May 2020. Photo: May Tse Aerial view of China Evergrande Group's Emerald Bay housing project under construction in Hong Kong’s Tuen Mun area, on 13 May 2020. Photo: May Tse
Aerial view of China Evergrande Group's Emerald Bay housing project under construction in Hong Kong’s Tuen Mun area, on 13 May 2020. Photo: May Tse

Evergrande: default alarms put thousands of suppliers, jobs and economy at risk as developer’s IOUs balloon

  • World’s most indebted developer owed suppliers more than US$103 billion in construction, furnishings and materials sectors on June 30
  • Evergrande’s founder and chairman Hui Ka-yan, also known as Xu Jiayin in mainland China, turns 63 today

Topic |   Evergrande crisis
Aerial view of China Evergrande Group's Emerald Bay housing project under construction in Hong Kong’s Tuen Mun area, on 13 May 2020. Photo: May Tse Aerial view of China Evergrande Group's Emerald Bay housing project under construction in Hong Kong’s Tuen Mun area, on 13 May 2020. Photo: May Tse
Aerial view of China Evergrande Group's Emerald Bay housing project under construction in Hong Kong’s Tuen Mun area, on 13 May 2020. Photo: May Tse
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