Brain-dead: China’s embattled property giant on road to nowhere - Sydney Morning Herald

China Evergrande’s disappointing update on its efforts to develop a restructuring plan point to the widening and deepening of the crisis it ignited and to its own struggles.

What was once a river of cash has turned into a trickle as the property crisis Evergrande helped trigger has scared off buyers, with the revolt by mortgagors sparked in June by buyers of an uncomplet… [+4444 chars]

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