One of the most notorious cases in China's property crisis has entered a new phase after the founder of Evergrande pleaded guilty to multiple financial crimes. The case not only marks the downfall of a once-market developer but also the end of the over-leveraged growth model that powered China's property market for years.
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.
One of the most notorious cases in China's property crisis has entered a new phase after the founder of Evergrande pleaded guilty to multiple financial crimes. The case not only marks the downfall of a once-market developer but also the end of the over-leveraged growth model that powered China's property market for years.