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Several of China’s largest banks that issued loans to Evergrande are now reportedly considering taking on loan loss provisions and rolling over near-term obligations. Agricultural Bank of China – the nation’s third-largest lender by assets – has made some…
McDonald’s China has opened 300 new stores during the last year, pressing ahead with an expansion strategy tied to deals with property developers. The company has signed contracts with Country Garden and Evergrande Group, giving it access to more locations in…
China’s commercial conglomerate Suning Holdings Group is partnering with Hon Hai Technology Group in an “extensive retail co-operation” worth at least RMB50 billion (US$8 billion). Suning has also signed an RMB20 billion investment agreement with Evergrande…
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