A Hong Kong court orders the liquidation of the giant Evergrande, a symbol of the real estate crisis in China. The collapse of Ever grande, which became the second largest real estate company in China, began at the end of 2021 when it defaulted on its debt obligations with its creditors.
The company had 200,000 employees - plus another 3.8 million jobs that it generated indirectly each year - and 1,300 projects in more than 280 cities inChina. The father of the indebted real estate giant EverGrande is under "police surveillance"