Overview

• China Evergrande Group reported combined losses of $81 billion for 2021-2022 in long-delayed earnings.
• Evergrande's liabilities reached $340 billion while its assets totaled $256 billion by end of 2022.
• The property developer defaulted on debts in 2021 and started an offshore debt restructuring program.
• Evergrande's financial crisis has caused project delays, credit downgrades, and global investor concerns.
• The company requires $36-44 billion more financing to complete projects and continue operations.