What's Next For Evergrande's Creditors and What Their Collapse Means for Global Business

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A Hong Kong court on recently ordered the liquidation of Evergrande, the heavily indebted Chinese property giant. The decision comes two years after the company defaulted, setting off a financial crisis at other developers and adding to the challenges facing the world’s second-largest economy. 

The company’s dissolution raises questions about fairness for overseas creditors — which could have wider implications for foreign businesses operating in China. 

Learn how Evergrande fell (limited access).

from The Global Small Business Blog https://ift.tt/wH7EpD6