2023-08-27 14:45:40
By Le Figaro with AFP
Just Posted, Just Updated
The fall of the group is emblematic of the real estate crisis in China. ALY SONG / REUTERS
The ultra-indebted developer Evergrande, whose descent into hell is emblematic of the real estate crisis in China, announced on Sunday that it had widened its losses in the first half, despite a slightly lower total debt.
Its net losses for the January-June period amounted to 33 billion yuan ($4.53 billion), according to a statement posted on the Hong Kong Stock Exchange’s website. Losses were 66.4 billion yuan for the same period a year earlier.
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