News Snapshot:
SHANGHAI: A unit of beleaguered property developer China Evergrande Group said construction work had resumed at 95% of Evergrande’s projects across the country by the end of March. Evergrande has resumed work on 734 developments across China as of March 27, with 424 projects returning to normal construction levels, according to a post on the official WeChat of the developer’s Pearl River Delta business unit on Saturday. The message did not give a figure for the total number of Evergrande developments. Evergrande is the most indebted real estate developer in the world, with more than $300 billion in debt. It...
