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☆ There's only one problem with 'Wicked' — and it's not Ariana Grande and Cynthia Erivo's stunning performances
▼ + stars: | 2024-11-19 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

Advertisement"Wicked," directed by Jon M. Chu, is a film adaptation of the iconic stage musical — well, just act one. Directed by Jon M. Chu ("Crazy Rich Asians") and starring Broadway and pop music's biggest legends — Cynthia Erivo and Ariana Grande, respectively — "Wicked" is a stunning act of adaptation. The stage musical version is also an adaptation, the looser kind, of Gregory Maguire's novel of the same name. AdvertisementAs in the stage musical, Glinda lends Elphaba the ugliest hat in her closet for a party. In the end, though, "Wicked" is one of the best musical adaptations recently put to screen.

Persons: Jon M, Chu, Cynthia Erivo, Ariana Grande's, It's, Broadway, Ariana Grande, Gregory Maguire's, Dorothy's, Glinda, Winnie Holzman, Dana Fox, Ariana, Giles Keyte, Erivo, doesn't, She's, Grande, aplomb, Jonathan Bailey, sycophants, Bowen Yang, Bronwyn James, Oscar, —, it's, Elphaba, — it's, Peter Dinklage, Michelle Yeoh, Jeff Goldblum Organizations: Shiz University, Broadway, Universal Pictures, Universal

☆ The 'Wicked' cast is embracing method dressing to promote the film. Here are their red-carpet looks, ranked from least to most on theme.
▼ + stars: | 2024-11-11 | by ( Samantha Grindell | Amanda Krause | ) www.businessinsider.com time to read: +1 min

The cast of "Wicked" has been promoting the film ahead of its November 22 release. Many of the stars' looks nod to the film, whether through color scheme or tone. Cynthia Erivo and Ariana Grande's green and pink looks celebrating the film have stood out. Much of the "Wicked" cast has been "method dressing" throughout the film's press tour, wearing outfits that nod to themes or plot points in the movie. Take a look at the best "Wicked"-inspired looks from the film's press tour, ranked from least to most on theme.

Persons: Cynthia Erivo, Ariana Grande's, —, Zendaya, Margot Robbie, Jonathan Bailey, Jeff Goldblum Organizations: Service

Cynthia Erivo called out a fan-edited "Wicked" poster circulating online, describing it as "offensive" and "deeply hurtful." An official poster for the movie, which hits theaters in November, was released by distributor Universal Pictures earlier this month. "And that is just deeply hurtful.”Cynthia Erivo and Ariana Grande in "Wicked." She described the edited version of the poster as "the wildest, most offensive thing I have seen," and compared it to two offensive AI-created memes related to the film that have also been widely shared online. Michelle Yeoh, Jonathan Bailey, Jeff Goldblum and Bowen Yang star alongside Erivo and Grande.

Persons: Cynthia Erivo, Ariana Grande’s, Elphaba, Erivo's, Erivo, ” Cynthia Erivo, Ariana Grande, “, ”, Jon M, Chu, Michelle Yeoh, Jonathan Bailey, Jeff Goldblum, Bowen Yang Organizations: Universal Pictures, NBC, Universal, Comcast, Erivo Locations: Grande

☆ Evergrande Chairman Hui kept in special detention center in Shenzhen
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: +1 min

Hui Ka Yan, the chairman of China Evergrande Group — the company at the center of the country's property sector crisis — has been moved to a special detention center in Shenzhen, two sources with knowledge of the matter said. After China's securities regulator found Evergrande's flagship unit had inflated earnings and committed securities fraud, Hui was fined $6.6 million in March and barred from the securities market for life. Chinese authorities have detained many former high-flying business executives and some have remained in detention for years with little or no information about their fate. He was transferred to Shenzhen a few months ago to allow him to more easily communicate with top Evergrande executives, said the second source. Evergrande is headquartered in the neighboring southern city of Guangzhou and its wealth management unit is based in Shenzhen.

Persons: Hui Ka Yan, Hui, Evergrande Organizations: China, — Locations: Shenzhen, Beijing, Guangzhou

☆ Beijing suspends PwC's China unit for six months in record penalty over Evergrande audit
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: +5 min

Chinese regulators on Friday hit PwC's auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm's audit of troubled property developer China Evergrande Group . "PwC has seriously eroded the basis of law and good faith, and damaged investors' interest," said the China Securities Regulatory Commission (CSRC) in a statement. PwC Zhong Tian, the registered accounting entity and the main onshore arm of PwC in China, was the country's top-earning auditor in 2022, according to the latest official data. "The cost is enormous in reputation, affecting the ability to get new business in China beyond the fine. PwC also deliberately excluded properties that Evergrande marked as "not allowed to visit" from audit samples, it added.

Persons: Zhong Tian, PwC, Gary Ng, PwC Zhong Tian, PwC Zhong, Daniel Li, Hemione Hudson, CSRC Organizations: China Evergrande Group, Big, China Securities Regulatory Commission, China's Ministry of Finance Locations: China, PwC, Asia, Pacific, Guangzhou, Hong Kong, New York

☆ Sabrina Carpenter's new album 'Short n' Sweet' is a masterful indictment of modern dating
▼ + stars: | 2024-08-23 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +5 min

Despite its cheeky title, Sabrina Carpenter's new album "Short n' Sweet" arrived on Friday with a tall order to fill. Carpenter's sixth album was preceded by smash hits "Espresso" and "Please Please Please," which peaked at No. But "Short n' Sweet" isn't just Carpenter's most anticipated release to date. AdvertisementIndeed, throughout "Short n' Sweet," Carpenter isn't coy about the vulgar, demoralizing underbelly of modern dating. "Short n' Sweet" is an album grounded firmly, almost defiantly, in the present day — all the struggles and ridiculous ills of dating app-era romance, which, despite the disappointment, usually make for great wine-night fodder.

Persons: Sabrina Carpenter's, Carpenter, Polly, Apple Music's Zane Lowe, coy, Smartly, —, Leonard Cohen, Slim Pickins, Carrie Bradshaw, Dolly Parton, Ariana Grande, Taylor Swift, Sabrina Carpenter, Pickins Organizations: Service, Business, Island Records, Press Locations: LA

☆ China Evergrande's EV arm units to enter bankruptcy, reorganization proceedings
▼ + stars: | 2024-08-05 | by ( ) www.cnbc.com time to read: +1 min

The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China. China Evergrande New Energy Vehicle said on Monday a local court had ruled that two of its units should enter into bankruptcy and be reorganized, a week after individual creditors of the units filed for such proceedings. Shares of the electric vehicle maker plunged 7% on July 29, a day after individual creditors of Evergrande New Energy Vehicle (Guangdong) and Evergrande Smart Automotive (Guangdong) sought court approval for the units to go through bankruptcy proceedings and be reorganized. The firm said a local court hearing was held on Aug. 2, and the court ordered the units to enter into such proceedings. The EV unit of embattled real estate developer China Evergrande Group in May updated the market that its liquidators were in talks with a potential buyer to take a stake in the company, thereby increasing chances of extending a new credit line for the firm to support production.

Organizations: Group, China Evergrande, Energy Vehicle, Evergrande New Energy Vehicle, Smart Automotive, China Evergrande Group Locations: Shenzhen, Guangdong Province of China, China, Guangdong

☆ Charli XCX's 'Brat' era is making remixes fun again. Other pop stars should take note.
▼ + stars: | 2024-08-02 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

Read previewBillie Eilish has gleefully joined the extended "Brat" universe with her featured spot on "Guess," a fan-favorite track from Charli XCX's latest album. Related storiesNow, with "Guess," Eilish enters as both a foil and hopeful love interest. She sing-raps as if she's responding to Charli's original lyrics, breaking the fourth wall with a seductive wink: "Charli likes boys, but she knows I'd hit it." In the "Guess" remix, Charli tweaks her own verse as a nod to Eilish's new era: "Wear 'em, post 'em, might remix it / Eat it up for lunch, yeah, it's so delicious." Each "Brat" remix is arguably as good as the original, yet distinct and unique in its own right.

Persons: —, Billie Eilish, Charli, Eilish, Addison Rae, Robyn, Yung Lean, Rae, Timbaland, Justin Timberlake, Nelly Furtado's, doesn't, — it's, Julia, George, Sophie, Julia Fox, Cook, Charli's fiancé George Daniel, They're, Ariana Grande, Taylor, Mariah Carey, Justin Bieber, they've, it's Organizations: Service, Business Locations: Dua

☆ China fines Evergrande's Hengda $577 million for fraudulent bond issuance
▼ + stars: | 2024-05-31 | by ( ) www.cnbc.com time to read: +1 min

An aerial view of construction sites and new residential developments in the Nanchuan area of Xining, Qinghai province, China. China has fined China Evergrande's onshore flagship unit 4.18 billion yuan ($577 million) for fraudulent bond issuance and illegal information disclosure, the China Securities Regulatory Commission (CSRC) said on Friday. The regulator also fined Evergrande founder Hui Ka Yan 47 million yuan and barred him from the securities market for life, according to a statement. "The maximum fine (against Hengda) is the most severe since the unified law enforcement of the bond market," said CSRC, adding it had considered Hengda's bond issuance size and mandate to complete home constructions for buyers when making the decision. China is weighing imposing a record fine of at least 1 billion yuan on PricewaterhouseCoopers LLP and suspending some of the auditor's local operations over its role in auditing Evergrande, Bloomberg News reported on Thursday.

Persons: Hui Ka, Evergrande Organizations: China, China Securities Regulatory Commission, Evergrande, Hui Ka Yan, PricewaterhouseCoopers LLP, Bloomberg Locations: Nanchuan, Xining, Qinghai province, China, Hong Kong

☆ Kristin Chenoweth defends Ariana Grande over rumors that she was dating her 'Wicked' costar
▼ + stars: | 2024-05-16 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewKristin Chenoweth opened up about her decades-long friendship with Ariana Grande and defended the singer months after she was criticized for reportedly dating her married costar Ethan Slater. Grande stars as Glinda in the upcoming film adaptation of "Wicked," a role which Chenoweth played when the musical debuted on Broadway in 2003. This story is available exclusively to Business Insider subscribers. Cynthia Erivo and Ariana Grande in "Wicked." Representatives for Ariana Grande did not immediately respond to a request for comment.

Persons: —, Kristin Chenoweth, Ariana Grande, Ethan Slater, Grande, Glinda, Chenoweth, Slater, Dalton Gomez, Slater —, Lilly Jay, Bruce Glikas, Chenoweth —, AbbVie, I've, She's, Cynthia Erivo, Zach Sang, " Chenoweth Organizations: Service, Broadway, Business, Universal, Forbes, Variety, Daily Mail Locations: New York

☆ Then and now: The cast of 'Eternal Sunshine of the Spotless Mind' 20 years later
▼ + stars: | 2024-03-23 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +1 min

It's been two decades since "Eternal Sunshine of the Spotless Mind" first came out in theaters. The movie has been back in the spotlight following the release of Ariana Grande's new album, "Eternal Sunshine." Business Insider has taken a look at what the cast has done since the film came out. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Advertisement"Eternal Sunshine of the Spotless Mind" premiered in theaters 20 years ago, in 2004.

Persons: It's, Ariana Grande's, —, Michel Gondry, Joel, Jim Carrey, Clementine, Kate Winslet Organizations: Service, Business

☆ Beijing says Evergrande and its tycoon founder committed a $78 billion fraud. That would rank it as one of the biggest financial frauds ever.
▼ + stars: | 2024-03-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Beijing has accused Evergrande of inflating revenue by $78 billion in 2019 and 2020. Regulatory authorities have fined Evergrande's founder and banned him from the securities market for life. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt just seems to get worse and worse for fallen Chinese real-estate giant Evergrande.

Persons: —, it's, Hengda, Hui Ka Yan, Xu Jiayin Organizations: Service, China Securities Regulatory Commission, Business Locations: Beijing, China —

☆ China Evergrande's flagship unit, founder punished for securities fraud
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: +1 min

The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China. China Evergrande Group founder Hui Ka Yan will be barred from the securities market for life and fined 47 million yuan ($6.53 million) after the regulator accused the group's flagship unit of inflating results, securities fraud and failing to make timely disclosures. China Evergrande Group founder Hui Ka Yan will be barred from the securities market for life and fined 47 million yuan ($6.53 million) after the regulator accused the group's flagship unit of inflating results, securities fraud and failing to make timely disclosures. It comes days after the China Securities Regulatory Commission, or CSRC, vowed to crack down on securities fraud, and protect small investors with "teeth and horns". Last September, Evergrande said its founder was being investigated over suspected crimes.

Persons: Hui Ka Yan, Evergrande Organizations: Group, China Evergrande Group, Evergrande, Hong Kong High Court, China Securities Regulatory Commission Locations: Shenzhen, Guangdong Province of China, China

☆ Every detail and reference you might have missed on Ariana Grande's new album 'Eternal Sunshine'
▼ + stars: | 2024-03-13 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +2 min

"Ordinary Things" was always meant to be the album's final song. Kevin Mazur/AMA2016/WireImage"I knew 'Ordinary Things' was the end of the album," Grande told Lowe. "But I wonder, how I can put that button on it and have it land emotionally the way that I feel it can? Grande found the answer in the middle of a 40-minute voice recording of her grandmother, Marjorie Grande, whom she calls "Nonna." Grande and Nonna are both credited as lyricists, while Grande is also credited as a coproducer alongside Martin, Luka Kloser, and Nick Lee.

Persons: Ariana Grande, Marjorie Grande, Kevin Mazur, Grande, Lowe, Shirley, Grande's, Martin, Luka Kloser, Nick Lee, Lee, Max Martin Organizations: Business Locations: Grande

☆ How producer Nick Lee helped Ariana Grande make the most personal song on her new album
▼ + stars: | 2024-03-13 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +5 min

Ariana Grande's new album "Eternal Sunshine" ends with a personal ballad called "Ordinary Things." AdvertisementIf Ariana Grande's new album "Eternal Sunshine" has a moral, it won't be found on the club-ready lead single "Yes, and?" It's the most intimate moment on Grande's seventh album, "Eternal Sunshine," released Friday, and it all came together with the help of Nick Lee. Lee, who is credited as a coproducer on "Ordinary Things," made the song's original beat with his friend Luka Kloser. "Intro (End of the World)" and "Ordinary Things" frame the album as a sacred quest to find peace and romantic clarity.

Persons: Ariana Grande's, Nick Lee, Lee, —, Grande, Marjorie Grande, nudging, he'd, Luka Kloser, Max Martin, it's, Kloser, Martin, Shintaro Yasuda, Aaron Paris, Nonna, Lee wasn't, that's Organizations: Grande, Service, Business, Spotify Locations: New York City, Los Angeles

☆ Some fans are calling out Jhené Aiko and Big Sean over Ariana Grande's album 'Eternal Sunshine.' Here's the drama, explained.
▼ + stars: | 2024-03-10 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +2 min

Read previewSome fans of Ariana Grande are calling out Big Sean and Jhené Aiko following the release of her new album, "Eternal Sunshine." Grande admonished her fans in an Instagram Stories post on Saturday, just one day after the album hit streaming sites. "Eternal Sunshine" is Grande's seventh album and her first one since 2020, prompting substantial fanfare from her fans. Business Insider's Callie Ahlgrim reported that the album's name derives from Michel Gondry's 2004 film "Eternal Sunshine of the Spotless Mind." Big Sean has been romantically linked to both women — and Grande's album shares the same name as a song from Aiko's 2014 album, "Souled Out."

Persons: —, Ariana Grande, Big Sean, Jhené Aiko, Grande, Callie Ahlgrim, Michel Gondry's, Dalton Gomez, Grande's, . Big Sean Organizations: Service, Big, Business Locations: .

☆ A complete timeline of Ariana Grande and Ethan Slater's relationship
▼ + stars: | 2024-03-08 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +13 min

March 2023: Grande and Slater are photographed togetherMichelle Yeoh posted this photo on March 27, 2023. July 20, 2023: Grande and Slater's new relationship makes headlinesEthan Slater is best known for playing SpongeBob SquarePants on Broadway. July 27, 2023: Slater's estranged wife says Grande is 'not a girl's girl'Lily Jay Slater and Ethan Slater in 2017. AdvertisementNovember 16, 2023: Grande attends the opening night of 'Spamalot'Ariana Grande in New York City on November 16, 2023. AdvertisementDecember 22, 2023: Grande includes an apparent nod to Slater in her holiday decorAriana Grande shared these photos on December 22, 2023.

Persons: —, Ariana Grande, Ethan Slater, Grande, Cynthia Erivo, Glinda, Jon M, Chu, Slater, Tony, SpongeBob, Dalton Gomez, Gomez, Michelle Yeoh, Michelle Yeoh's Oscar, Yeoh, Erivo, costars Grande, costars, they'd, ”, Kevin Mazur, Jenny Anderson, TMZ, Lilly Jay, Jay, Slater's, Lily Jay Slater, Page Six's Francesca Bacardi, Bacardi, Dalton, she's, Ethan, Slater Ethan Slater, CJ Rivera, Prince Herbert, She's, who's, Liz Gillies, Gillies, Liz Gillies após, @accessarianabr, James Earl Jones, Josh Gad, Andrew Rannells, Michael Urie, Rannells, Ariana, Bauer, Griffin, James, Joan Grande, Hale Grande, Doug Middlebrook, Grande's, Ed Butera, Butera, We're Organizations: Service, Broadway, Business, Variety, TMZ, Wimbledon, Getty, Nickelodeon, Disney, James Earl Jones Theater, DAMEBK, St, James Theatre, Theater District Locations: New York City, Grande, England, London, Oz, New York, Grande ., @spamalotbway, New York City Grande, Manhattan

☆ Every Ariana Grande album, ranked from worst to best
▼ + stars: | 2024-03-08 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +1 min

1 on this list because it's the culmination of everything Grande does best. Only an artist with tremendous talent, clout, and emotional strength could have produced and released an album like this. That she managed to siphon this music from the depths of personal tragedy makes the effect even more sublime. If I were forced to choose, "NASA" and "Make Up" are the weakest of the bunch, but that certainly doesn't mean they're bad. In fact, it's a testament to the strength of this album that its "worst" songs are just slightly less dazzling than the rest.

Persons: it's Organizations: NASA, Press

☆ Ariana Grande's 'Eternal Sunshine' isn't her best album, but it's a solid collection of bops
▼ + stars: | 2024-03-08 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +6 min

However, Grande did "Eternal Sunshine" a disservice with its title and marketing. But asked if she planned to "address things" with "Eternal Sunshine," Grande demurred. Sure, you could say that Grande doesn't owe us honesty or specificity, and you might be right. As a staunch believer in the album as an art form, "Eternal Sunshine" left me wanting. But if I reframe "Eternal Sunshine" as a collection of excellent pop songs, I have very few complaints.

Persons: Katia Temkin, Max Martin, ILYA, Shintaro Yasuda, Nick Lee, Grande, who's, Sang, would've, Courtney, we're, She's, baring, I'm Organizations: Records, Press

☆ China's Country Garden gets liquidation petition from creditor
▼ + stars: | 2024-02-28 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

China's Country Garden Holdings said Wednesday it received a liquidation petition filed by one of its creditors, deepening worries about the country's beleaguered property sector. Country Garden said it will oppose the petition "vigorously" and seek legal measures to do so. Country Garden said it intends to "proactively communicate" and work with its offshore creditors on its restructuring plan. China's property sector has historically been the bedrock of the country's economy, accounting for a large share of gross domestic product. Companies like Country Garden and Evergrande have struggled to repay their debt obligations and are now embroiled in drawn-out debt restructuring processes.

Persons: China Evergrande Organizations: Garden Holdings, Hong Kong, Monetary Fund, Companies Locations: Hong Kong, China

☆ The Evergrande collapse is not China's 'Lehman moment,' but it does complicate an economic recovery, think tank says
▼ + stars: | 2024-02-14 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

The Evergrande collapse is not China's 'Lehman moment,' but it does complicate an economic recovery, CFR expert said. "Unlike Lehman, Evergrande's insolvency is due to its excessive borrowing and aggressive use of leverage, not over-securitization." This has spurred on the question: is the Evergrande collapse China's "Lehman moment?" One famed hedge-fund boss said China's property crash was like the Great Financial Crisis from 2008 "on steroids." "Unlike Lehman, Evergrande's insolvency is due to its excessive borrowing and aggressive use of leverage, not over-securitization."

Persons: Lehman, —, Evergrande, Zoe Liu, Liu Organizations: Service, of Foreign Relations, Lehman Brothers Locations: Hong Kong

☆ This is the No. 1 mistake people make during divorce, says Ariana Grande's high-powered divorce lawyer
▼ + stars: | 2024-02-10 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +2 min

"The biggest mistake couples make is not owning what's going on," she says. But, it'll save you lots of money and time if you simply cut out the middle man, Wasser says. Couples will often use lawyers to hash out tedious requests, most of which don't require any legal expertise. The average price of an uncontested divorce is between $1,500 and $5,500, according to reporting by CNBC. "I'm not saying divorce lawyers are evil people," she says.

Persons: Wasser, Kim Kardashian, Britney Spears, Ariana Grande, I'm Organizations: CNBC

☆ What the collapse of a company owing $300 billion means for the world
▼ + stars: | 2024-02-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +8 min

AdvertisementImportantly, since the court order was made in Hong Kong, it's also unclear if mainland authorities will recognize and comply with the order. However, the company owes about $300 billion — a big shortfall, and there's a clear order of priority when it comes to repayments. How will the Evergrande collapse impact sentiment in China's economy and markets? Notably, the stock market sell-off came before Evergrande's liquidation order. Hong Kong's Hang Seng index ended up slightly higher the day the court order was made.

Persons: —, Kyle Rodda, Rodda, Alvarez, Marsal, Evergrande, it's, Baker McKenzie, Daniel Margulies, Margulies, Andrew Collier Organizations: Service, Business, Hong Kong Stock Exchange, Reuters, Deloitte, CSI, Orient Capital Research Locations: Hong Kong, China, Beijing, Asia

☆ China's flailing property market is finally showing signs of bottoming
▼ + stars: | 2024-02-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Land sales and home prices showed some improvement in China's property market, Reuters reported. Government land sales rose for the first time in two years, while prices saw their fastest rise since mid-2021. AdvertisementReal estate in China may finally be nearing the end of a yearslong slide, with home prices and land sales demonstrating fresh strength, Reuters reported. Average city prices rose 0.15% month-on-month in January, marking the fastest gain since mid-2021. Government land sale revenue that month also notched a 1.8% gain from a year prior, the first time sales rose in 23 months, the outlet said.

Persons: Fitch, —, overbuilding Organizations: Reuters, Service, Fitch Locations: China, Beijing

☆ Evergrande's liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book CEO says
▼ + stars: | 2024-01-31 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

China Evergrande Group's logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty ImagesA liquidation order to property giant China Evergrande liquidation crisis this week deepened concerns about China's struggling real estate sector — but analysts say the spillover will likely be contained, with one saying it might actually be "good news." On Monday, a Hong Kong court issued a liquidation order to the embattled property developer after it failed to reach a restructuring deal with creditors. In other words, no massive credit event," Qazi told CNBC. China Evergrande, once among the country's largest property developers, is the world's most indebted company — with more than $300 billion in liabilities.

Persons: Jakub Porzycki, Shehzad Qazi, Lehman, Qazi, CNBC's, It's, China Evergrande, Evergrande, Linda Chan, Charlene Chu Organizations: Nurphoto, CNBC, Lehman Brothers, Hong, Hong Kong Stock Exchange, China macrofinancial, Autonomous Research Locations: China, Hong Kong

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