Evergrande Chair Sets Ambitious Delivery Target for 2022, Ruling out Fire Sales

nominated debt stood at US$19 billion in 2021, when its liabilities had totaled US$300 billion as of the year and sparked increasing worries about its ability to repay the debt.

According to Evergrande’s figure last month, it delivered 37,899 apartments in December, missing the monthly target of 39,000 units, but 92.9% of projects across China have resumed construction as of the end of that month, higher than the ratio of 91.7% it released a month earlier. Hui said his company planned to completely restore construction this month in the weekend meeting.

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