China property giant Evergrande files for US bankruptcy protection - BBC News #China #US #BBCNews

Property giant Evergrande has filed for bankruptcy protection in the US as the real estate crisis in China deepens.

It will allow the heavily-indebted company to protect its assets in the US as it works on a multi-billion dollar deal with creditors.

Evergrande defaulted on its huge debts in 2021, which sent shockwaves through global financial markets.
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