Real estate: Chinese giant Evergrande fined 532 million euros for fraud

Real estate: Chinese giant Evergrande fined 532 million euros for fraud

The descent into hell continues. The Chinese developer Evergrande, with astronomical debt and which has become a symbol in China of the real estate crisis, was fined 532 million euros for infractions, the stock market regulator announced on Friday, May 31. The setbacks of the group, former number one in real estate in China, have … Read more

China tries to save its crisis-ridden real estate sector

China tries to save its crisis-ridden real estate sector

Will Chinese real estate recover? Beijing unveiled ambitious measures on Friday, May 17 to revive its crisis-ridden real estate sector, reducing the contribution necessary for a first purchase and proposing that local authorities buy back unsold or undelivered housing. The reasons for the crisis China’s real estate sector has long been an engine of growth, … Read more