Evergrande

Shares in Evergrande 3333HK which has been scrambling to raise funds to pay its many lenders suppliers and investors closed down. Evergrande is everywhere.

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European stock markets fell on.

Evergrande. If Evergrande collapses the sectors difficulties are likely to accelerate sending iron ore lower still. Its main business is in real estate and its Chinas second-largest property developer by sales. Chinese property developer Evergrande has admitted facing tremendous pressure as it tackles a debt pile of more than 300 billion.

Evergrande the worlds most indebted property developer is crumbling under the weight of more than 300 billion of debt and warned more.

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