News Snapshot:
SHANGHAI (Reuters) – A unit of troubled property developer China Evergrande Group said construction work has resumed at 95% of Evergrande’s projects across the country as of late March. Evergrande has resumed work at 734 developments in all of China as of March 27, including 424 projects recovering to normal construction levels, according to a post on Saturday on the official WeChat of the developer’s Pearl River Delta business unit. The post did not give a figure for Evergrande’s total number of developments. Evergrande is the world’s most indebted property developer, with over $300 billion in liabilities. It is struggling...
