China property giant Evergrande files for bankruptcy in US
epa10805233 A view of Evergrande Mingdu housing complex in Beijing, China, 18 August 2023. Chinese property giant Evergrande has filed for bankruptcy protection in the US on 17 August, while the real estate crisis in China deepens. Evergrande defaulted on its debts in 2021, with total debts estimated to more than 300 billions US dollar (275.5 billions euro), it was the world's most heavily indebted property developer, which caused shockwaves through financial markets globally. EPA/WU HAO
