Liquidating Evergrande: Sobering Reality Hits China’s Property Sector

Liquidating Evergrande: Sobering Reality Hits China’s Property Sector
An aerial view shows the Evergrande Changqing community in Wuhan, Hubei Province, China, on Sept. 26, 2021. Getty Images
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News Analysis

The Evergrande Group’s winding-up order by a Hong Kong court on Jan. 29 could serve as a precedent to the restructuring required to clean up the excesses in the Chinese property market while protecting the interests of its foreign creditors, experts say.