HONG KONG -- A Hong Kong court on Monday ordered the liquidation of China Evergrande Group, the heavily indebted developer at the heart of the property crisis in Asia's biggest economy.
China debt crunch
Evergrande's liquidation is ordered by Hong Kong court
Heavily indebted Chinese developer fails to reach restructuring agreement with creditors
The headquarters of China Evergrande Group in Shenzhen. (Photo by Yusuke Hinata)
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