September 17, 2021
General News

How One Crisis-Stricken Developer Illustrates China’s Debt Woes

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Approximately 100 disgruntled investors gathered at the headquarters of the troubled property developer China Evergrande Group in the southern city of Shenzhen on Monday to demand repayment of loans and other financial products. 

Reuters’ David Kirton captured the chaotic scenes that erupted as Evergrande employees tried to placate the protesters. In one photo, Du Liang, identified by staff as the general manager and legal representative of the company’s wealth management division, sat exhausted on the floor. Next to him lay a…

Read full article here: www.worldpoliticsreview.com