China debt crunch

China Evergrande abandons corporate headquarters

Embattled developer to save costs by leaving high-profile Shenzhen location

China Evergrande Group's name began disappearing from at least one side of its headquarters building on Monday. (Photo by Yusuke Hinata)

YUSUKE HINATA and KENJI KAWASE, Nikkei staff writersJanuary 10, 2022 21:23 JSTUpdated on January 10, 2022 23:36 JST | China

SHENZHEN/HONG KONG -- Embattled property company China Evergrande began removing its name from its corporate headquarters in Shenzhen on Monday.

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