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evergrande

Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu Province.
What We're Watching

Evergrande’s last stand delayed

Embattled Chinese property developer Evergrande Group is in a Hong Kong court today, facing the once-unthinkable prospect of liquidation. The real estate colossus, which owns 1,300 projects in over 280 cities across China, has seen its shares plummet by 99% after the company defaulted on its $300 billion debt in 2021.

​Hui Ka Yan, chairman of Evergrande Real Estate Group Ltd, at a news conference in 2016.
Economy

From Evergrande to Nevergrande?

Troubles are growing for Chinese property development giant Evergrande. Last Thursday, trading of the company’s shares and those of two subsidiaries was suspended, and authorities accused Evergrande Chairman Hui Ka Yan of “illegal crimes.”

View of a signboard of Evergrande Group in Ji'nan city, east China's Shandong province.
What We're Watching

From developers to defense leaders, China’s disappearing elite

Why do Chinese officials keep vanishing? On Saturday, several executives of the beleaguered property developer Evergrande Group were arrested in the southern city of Shenzhen, where the conglomerate is headquartered.

NewSouth Bookstore in Montgomery, Ala., displays books that have been banned by some schools, including "Charlotte's Web" and "Captain Underpants."
Economy

Hard Numbers: Books attacked, Trump trial looms, migrant children drown off Greece, Evergrande crisis deepens, redheads celebrate

With the US culture wars raging, requests to remove specific books from library shelves surged last year to the highest level in 21 years, according to the American Library Association. There were more than 1,000 such requests, with books about LGBTQ themes the most targeted.

Why is Xi Jinping willing to slow down China’s economy?
popular

Why is Xi Jinping willing to slow down China’s economy?

China's slowing GDP growth is the economic price Xi Jinping must pay for "common prosperity."

Can Xi save China from Evergrande?
Analysis

Can Xi save China from Evergrande?

One of China's top property developers is about to default, with potentially catastrophic consequences for the economy. What'll the country's all-powerful leader do about it?