Hong Kong court orders China's Evergrande, which owes $300 billion, to liquidate

Residents walk through a partially shuttered Evergrande commercial complex in Beijing, Monday, Jan. 29, 2024.

China Evergrande is one of the biggest Chinese developers that have collapsed under pressure to rein in surging debt the ruling Communist Party views as a threat to China's slowing economic growth.

(Image credit: Ng Han Guan/AP)


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