China

China Evergrande’s Real Estate Wing Posts Loss

Evergrande Group CEO Hui Ka Yan (Getty)

Evergrande Group CEO Hui Ka Yan (Getty)

China Evergrande Group warned that its real estate wing recorded a loss in the first half of the year for the first time since at least 2009.

The company’s property business incurred a loss equivalent to about $618 million, according to the Wall

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