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Hong Kong court orders Chinese property giant Evergrande to liquidate

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A Hong Kong court has ordered the liquidation of the world’s most indebted property developer – China Evergrande – after it failed to strike a deal with its creditors to restructure.
It’s a ruling with significant legal ramifications and is likely to jolt China’s already fragile property market.

Al Jazeera’s Patrick Fok reports from Hong Kong.

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#HongKong #China #Evergrande #EvergrandeCrisis
Category
World
Tags
Chinese economy, Evergrande, Evergrande crisis
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