What does Evergrande’s liquidation mean for other property developers in China

A Hong Kong court on Monday (Jan 29) ordered the liquidation of debt-laden China Evergrande Group, but the move did not come as a surprise. Mr Hong Hao, chief economist at Shanghai-based GROW Investment Group, explains on CNA's Asia First what Evergrande's liquidation means for other embattled real estate developers in China. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia