Retail spending was again boosted by the 2023 FIFA Women's World Cup, the latest figures show.
Thu 28 Sep 2023 at 1:36amGood morning! It's David Chau here, with a guest blog post on the latest developments in China's beleaguered property sector.under police surveillance, while the embattled company's shares were suspended from trading on Hong Kong's stock exchange.was taken away earlier this month and is being monitored at a designated location, Bloomberg reported.
Earlier this month, several employees of Evergrande’s wealth management unit were arrested in Shenzhen on unspecified charges.Evergrande is the world's most heavily indebted property developer, with around $US300 billion in total liabilities. At its peak, Evergrande was the top-selling Chinese property developer, but now finds itself at the centre of China's property crisis.Since then, a long list of property firms have been revealed to be in financial difficulty — struggling to pay off their debts — includingAdding to the list of its woes, Hong Kong's stock exchanged announced today that Evergrande's shares have been suspended from trading.
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