Angry protest at headquarters of China Evergrande as property giant faces liquidity crunch
SCMP, 15 Sep 2021
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Chaotic scenes erupted at the Shenzhen headquarters of the cash-strapped property developer China Evergrande Group on September 13, 2021. About 100 disgruntled investors crowded the office lobby to demand repayments of loans and financial products. The protest came amid worries that the country's most indebted developer, with liabilities of 1.97 trillion yuan (US$305 billion), will be unable to repay investors and that its debt woes could pose systemic risks to China's financial system.
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