China Evergrande said it has restarted work on more than 10 projects across six mainland cities, trying to portray some semblance of stability in its operations soon after averting a potentially calamitous default on its offshore debt.The developer, saddled with 1.97 trillion yuan (US$305 billion) of liabilities, identified the projects in Shenzhen, Dongguan, Jiangmen, Shanwei, Zhuhai, and Zhongshan with photos of buildings and workers at construction sites in a statement posted on its WeChat…
Source : South China Morning Post
Read more…Evergrande crisis: work resumes on 10 projects as developer restores calm, buys time to repay more creditors
