From Fortune:

China Evergrande Group, China’s hugely indebted property developer, has been ordered to liquidate by the Hong Kong High Court, marking a final step in the company’s downfall due to debt issues. Despite the court order, Evergrande’s operations in mainland China will not be immediately impacted. However, economists have blamed continued real estate uncertainty for China’s unstable economic recovery.

Investors will be able to understand the situation, according to an overview of the original news article. Nonetheless, It is preferable to provide more insight into the Evergrande case and its potential impact on the Chinese property market.



Read more: ‘Enough is enough’: HK court orders Evergrande liquidation