Angry protest at headquarters of China Evergrande as property giant faces liquidity crunch

South China Morning Post published this video item, entitled “Angry protest at headquarters of China Evergrande as property giant faces liquidity crunch” – below is their description.

Chaotic scenes erupted at the Shenzhen headquarters of the cash-strapped property developer China Evergrande Group on September 13, 2021. About 100 disgruntled investors crowded the office lobby to demand repayments of loans and financial products. The protest came amid worries that the country’s most indebted developer, with liabilities of 1.97 trillion yuan (US$305 billion), will be unable to repay investors and that its debt woes could pose systemic risks to China’s financial system.

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About This Source - South China Morning Post

The South China Morning Post (SCMP), with its Sunday edition, the Sunday Morning Post, is a Hong Kong-based English-language newspaper founded in 1903. It is Hong Kong’s newspaper of record, owned by Alibaba Group.

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