China's Evergrande resumes work on more than 10 projects
The Hindu
Evergrande has some $300 billion in liabilities
China Evergrande Group said on October 24 it had resumed work on more than 10 projects in Shenzhen, Dongguan and other cities— a statement that comes after it appeared to avert default with a last-minute bond coupon payment last week.
Evergrande, which has some $300 billion in liabilities, said in a post on its We chat account that some projects had entered the interior decoration stage while other buildings had recently finished construction.
It added that its effort to guarantee construction would shore up market confidence. The report included several photos of construction workers on different projects, stamped with the time and date.
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