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

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South China Morning Post published this video item, entitled “World’s most indebted developer, China Evergrande Group, buys time to repay more creditors” – below is their description.

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.

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Evergrande restarts 10 projects as founder Hui buys time to repay creditors https://sc.mp/4ss3

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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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