Definitions for Evergrande
ev·er·grande

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1. Evergrande

   The China Evergrande Group is the second largest property developer in China by sales. It is ranked 122nd on the Fortune Global 500. It is incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China. It was founded in 1996 by Xu Jiayin. It sells apartments mostly to upper- and middle-income dwellers. In 2018, it became the most valuable real estate company in the world.In 2021, the payments Evergrande had to make on its debt started the 2020–2022 Chinese property sector crisis; Evergrande's total debts were estimated in the hundreds of billions of dollars. This was one of the reasons for a drop in many stock market indices on September 20, 2021. At the end of 2021, the Chinese government was reportedly working to restructure Evergrande in order to resolve the crisis. The group also sought a moratorium on the early repayment option on one of its yuan-denominated bonds from its bondholders on 7 January 2022.In April 2022, Reuters reported that construction had been started again at many projects and that the company still had liabilities of US$300 billion.

How to pronounce Evergrande?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say Evergrande in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of Evergrande in Chaldean Numerology is: 2

2. Pythagorean Numerology

   The numerical value of Evergrande in Pythagorean Numerology is: 9

Examples of Evergrande in a Sentence

1. Mattie Bekink:

   China has really been trying to clean up its bad corporate debt for years. And although they made some progress before the pandemic, the task often seems interminable, and that's what you're certainly seeing here, the impacts from a large default by Guangzhou Evergrande would be remarkable.

2. Giles Coghlan:

   The underlying risk for markets is if Evergrande is not bailed out by the Chinese government.

3. Julian Evans-Pritchard:

   With a couple of exceptions, most major developers are in a much stronger financial position than Evergrande and should be able to weather a temporary spike in their borrowing costs amid contagion fears.

4. Mattie Bekink:

   We do ultimately expect that the government will intervene in Evergrande's case, as it will not allow the company's defaults to spread into the banking system, the impacts from a large default by Evergrande would be remarkable.

5. Patrick Perret-Green:

   Millions of contracts with multiple counterparties, everyone was trying to work out their exposure, with Evergrande it depresses the entire real estate sector.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Evergrande