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News about Evergrande

Stay current with all the latest and breaking news about Evergrande, compare headlines and perspectives between news sources on stories happening today. In total, 12stories have been published about Evergrande which Ground News has aggregated in the past 3 months.

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Top Evergrande News

BYD Executive Says No ‘Evergrande’ Risk Among Mainstream Chinese Automakers

Cricket · China

BYD Executive Says No ‘Evergrande’ Risk Among Mainstream Chinese Automakers

42% Center coverage: 7 sources

BEIJING (Reuters) -An executive at top Chinese electric vehicle manufacturer BYD said on Friday there was no “Evergrande” risk among mainstream Chinese automakers. Last week, Great Wall Motor Chairman Wei Jianjun said the country’s auto industry had its own Evergrande, referring to the debt-laden developer that became the centre of a liquidity crisis in China’s property sector. Wei’s critical comments were a reminder of the risks facing the indu…See the Story

BYD Faces EV Challenge From Geely and Changan in May Amid Possible Regulatory Scrutiny · TechNode

Electric Vehicles · China

BYD Faces EV Challenge From Geely and Changan in May Amid Possible Regulatory Scrutiny · TechNode

Coverage: 5 sources

Major Chinese automakers Geely and Changan Automobile reported strong electric vehicle sales growth for May, posing serious challenges to leading player BYD which launched a new round of price cuts and could face potential regulatory scrutiny in its homeland.Why it matters: The figures come on the heels of China’s top industry regulator promising to strengthen efforts to rein in “involution-style” competition in the country’s auto industry, with…See the Story

Could China’s electric carmakers bring on another Evergrande moment?

Evergrande · China

Could China’s electric carmakers bring on another Evergrande moment?

67% Left coverage: 3 sources

China’s electric vehicle industry is starting to look a lot like a re-run of the property sector’s disaster that has weighed down its economy for more than four years.See the Story

PwC Troubles in China Deepen with Exit of Hong Kong Partners

PricewaterhouseCoopers troubles are now deepening in Hong Kong as the firm is wrestling with the consequences of its audits of China Evergrande Group.Evergrande · China See the Story

The Evergrande Debacle Keeps Giving PwC Big Trouble in Regular-Sized China

Headline reference for the younguns. The last time we checked in on PwC China they were looking at laying off as much as half of their 2,000-person financial services audit business, a direct consequence of the Evergrande situation that’s haunted the firm since the property developer and former audit client collapsed in 2021. To make matters worse, shortly after the layoff news hit Financial Times reported that PwC China lost as much as two-thir…Evergrande · China Read Article

GWM CEO Warns: Price War Threatens Safety and Quality of Chinese Cars

"The auto industry already has its Evergrande, but it hasn't collapsed yet," Wei said in an interview with Sina Finance, comparing the auto industry to Chinese construction giant Evergrande, which collapsed under the weight of debt and caused a crisis in the real estate sector.Evergrande · China Read Article

Evergrande chairman Hui Ka-yan refuses to disclose assets, liquidators say

Coverage: 2 sources

Hui expressed his intention to the court on April 23 that he would not be disclosing his assets, a lawyer for the liquidators said.Evergrande · China See the Story

Evergrande Ex-CEO Must Disclose Assets, Hong Kong Court Rules

100% Left coverage: 1 sources

A Hong Kong judge ordered former China Evergrande Group CEO Xia Haijun to comply with a court order to disclose his assets, as liquidators continue their efforts to recover billions of dollars from the company.Evergrande · China Read Article

Former Evergrande CEO says disclosure of assets could put him in 'extreme danger'

Evergrande, a symbol of China's property crisis, defaulted in 2021; Xia Haijun resigned in 2022 after being accused of involvement in obtaining undisclosed loan guaranteesEvergrande · China Read Article

Jack Ma's resurgence: Who stands to gain from Trump 2.0?

China's economy has endured a series of profound shocks, beginning with the stringent pandemic lockdowns, followed by the collapse of Evergrande and the financial crisis at Country Garden Holdings. These crises triggered a significant decline in societal wealth and caused urban real estate prices to fall, resulting in numerous incomplete construction projects. These challenges present complex problems that are difficult to resolve.Jack Ma · China Read Article

China property crisis still a key signal for junk bond market, Pimco says

100% Center coverage: 1 sources

China’s crisis reinforces what Pimco has known for a long time, which is that property bubbles are dangerous, whether they are in China or elsewhere.Evergrande · China Read Article

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