The heavily indebted real estate developer Evergrande seems insolvent as things stand.
(Photos: ap (2), Imago, Unsplash, Reuters)
Yanjiao, Beijing Jin Ri looks at the head-high advertising sign for the 22nd anniversary of his supermarket in Yanjiao, northeast China’s Hebei Province. Actually, he wanted to be in new shop space. The rent had become too expensive for him. Together with his wife Jin Yuyan, the 40-year-old had carefully considered everything: They wanted to buy their own premises with their savings, some money borrowed from friends and a loan from their bank. They had already found it: very close by in a good location, with lots of walk-in customers. But it turned out differently.
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