Evergrande looks to sell $5 billion stake: Will it be enough? - DW News.

Troubled Chinese developer Evergrande is exploring a sale of its property-management firm as part of a desperate-bid to sell-off assets and raise much-needed cash. The firm owes more than 300 billion dollars in unpaid bills. Beijing is worried about domestic unrest; Foreign investors could be left empty-handed.There's a complete standstill on Evergrande's construction sites.. workers have long left long, many unsure if and how much they get paid for their work. But there might be an end in sight for the real estate developer's crisis that has shaken investors' confidence for weeks.

Evergrande is selling a majority-stake in its property management unit for more than 5 billion dollars, bringing in much needed cash to carry on.
Creditors have known for a while that their investment is at risk.. and still, another trading week begins with markets worrying about possible contagion and the fall-out for China's entire economy.Subscribe: www.youtube.com/user/deutschewelleenglish?sub_confirmation=1

For more news go to: www.dw.com/en/
Follow DW on social media:
►Facebook: www.facebook.com/deutschewellenews/
►Twitter: twitter.com/dwnews
►Instagram: www.instagram.com/dwnews
Für Videos in deutscher Sprache besuchen Sie: www.youtube.com/dwdeutsch#China #Evergrande #RealEstate

Watch video on channel "DW News"
Why Fiona Hill is worried about a return of Donald Trump in 2024 - DW News.

Why Fiona Hill is worried about a return of Donald Trump in 2024 - DW News.

British-born Russia expert Fiona Hill talks to DW’s Brent Goff on “The Day” about the danger to US democracy posed by former president Donald Trump, who like Russia’s Vladimir Putin has sought to prevent a transfer of power. Hill says Germany’s re...

Texas's abortion ban 'not a partisan issue,' says Republican state senator - Conflict Zone.

Texas's abortion ban 'not a partisan issue,' says Republican state senator - Conflict Zone.

In a sign of growing impatience, the administration of Joe Biden in the United States has stepped up its objections to a new abortion law in Texas and asked the Supreme Court to block it. The Texas law is controversial. It bans termination after a...

Exclusive DW interview with Nobel-winning journalist Maria Ressa - DW News Asia.

Exclusive DW interview with Nobel-winning journalist Maria Ressa - DW News Asia.

In an interview with DW, Maria Ressa spoke about the situation in her home country as well as in other places around the world. "Facts, are at the core of any democracy," Ressa told DW's Biresh Banerjee, adding that "freedom of speech, freedom of ...

How to close learning gap for pandemic's school children - DW News.

How to close learning gap for pandemic's school children - DW News.

Schoolchildren around the world have lost close to two trillion in-person classroom hours due to COVID. How to educate the pandemic's children. Schools are still closed in four out of nine regions around the world. In parts of the Asia Pacific, th...

Why are people in Romania still reluctant to be vaccinated? - DW News.

Why are people in Romania still reluctant to be vaccinated? - DW News.

Romania has one of the lowest Covid vaccination rates in the EU - only a third of adults are fully vaccinated. The president has described the situation as "catastrophic". And in rural areas, vaccine hesitancy is strong - particularly in the south...