China’s Evergrande Group: Navigating Bankruptcy and Its Economic Ripple Effects
China’s Evergrande Group: Navigating Bankruptcy and Its Economic Ripple Effects In a significant turn of events, China’s once-thriving property giant, Evergrande Group, which once held the esteemed position of the country’s second-largest property developer, has officially filed for bankruptcy in New York. This pivotal move follows a series of tumultuous events, including heavy borrowing,…