Evergande's Tactic Move? Unpaid Crowds march and blockade Evergrande offices across China
Published at : September 17, 2021
Many lenders doubt Evergrande’s ability to honor its debts. As a result, victims in various parts of China have launched large-scale protests for several days in a row.
On September 13th, hundreds of people stormed Evergrande's headquarters in Shenzhen, and government officials mobilized a large number of police officers to clear the site.
According to Evergrande Group's earnings report released on Aug. 31st, 2021, Evergrande's total debt amounted to 1.97 trillion RMB or $305.3 billion US dollars as of June 30th, close to an all-time record high.
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On September 13th, hundreds of people stormed Evergrande's headquarters in Shenzhen, and government officials mobilized a large number of police officers to clear the site.
According to Evergrande Group's earnings report released on Aug. 31st, 2021, Evergrande's total debt amounted to 1.97 trillion RMB or $305.3 billion US dollars as of June 30th, close to an all-time record high.
Have questions? Do you have something to share with us about China? We want to hear from you!
Email: Cinsights.subscription@gmail.com
Facebook www.facebook.com/EyesOnChina.
Copyright @ China Insights 2021. Any illegal reproduction of this content in any form will result in immediate action against the person(s) concerned.
ChinaBeijingXi Jingping