Subscribe to our YouTube channel for free here:
https://sc.mp/subscribe-youtube
Guo Hui, a supplier for China’s Evergrande Group, is selling his car and home to pay debts and wages after payments from the real estate company dried up. The 50-year-old’s firm provides cleaning and repair services for the property giant’s apartments, but he said the payments stopped in June.
Evergrande has run short of cash and is now US$305 billion in debt. Its crisis has pushed many suppliers like Guo to the brink of bankruptcy.
Support us:
https://subscribe.scmp.com
Follow us on:
Website: https://www.scmp.com
Facebook: https://facebook.com/scmp
Twitter: https://twitter.com/scmpnews
Instagram: https://instagram.com/scmpnews
Linkedin: https://www.linkedin.com/company/south-china-morning-post/
#scmp #China #ChinaEvergrandeGroup
0 Comments