China Evergrande raised more than $50 million last month by selling two of its private jets, according to people familiar with the matter
The heavily indebted property developer sold two Gulfstreams last month as bond payments loomed
Evergrande, China’s most indebted property developer, has kept global markets on edge and sparked protests at home as it struggles to survive. WSJ explains why the company’s crisis is raising questions about the state of the world’s second-largest economy. Photo: Alex Plavevski/Shutterstock
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