China Evergrande Plunges as Police Detain Staff: Crisis Deepens

2023-09-19 19

Dive into the latest developments surrounding China Evergrande Group, the world's most indebted property developer, as its shares plummeted by as much as 25% following the detention of some staff in its wealth management unit. Explore how this new investigation could exacerbate the ongoing crisis in China's real estate sector, affecting global markets and raising concerns of contagion.