China property giant ordered to liquidate

By Agence France-Presse

Jan 30, 2024 12:29 am

HONG KONG: A Hong Kong court on Monday ordered the liquidation of China's property giant Evergrande, but the firm said it would continue to operate in a case that has become a symbol of the nation's deepening economic woes.

Once China's biggest real estate firm, its astronomical debt of more than $300 billion had become emblematic of a years-long crisis in the country's property market that had reverberated throughout the world's second-largest economy.

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