World’s most indebted developer, China Evergrande Group, buys time to repay more creditors

Property giant China Evergrande says it has restarted work on more than 10 projects across six Chinese cities. The world’s most indebted developer issued social media posts on October 24, 2021, showing photos of buildings and workers at construction sites along with a statement saying it had resumed operations after averting a default on its offshore debt.