The Great Fall
Evergrande is one of the most important real estate project companies in China, with approximately 1,300 projects in more than 280 cities. The company was born in 1996 in Shenzhen (China) and was officially founded one year later. It currently generates more than 200,000 direct jobs.
The following graph shows the growth of the company's assets since 2011:
Total assets of Evergrande Real Estate Group in China from 2011 to 2020 (in billions of yuan):
Its value increased tenfold (10), but the origin of this growth is not based on cash flow, but on the accumulation of real estate assets that were leveraged with debt issuance.
Evergrande Expansion
Evergrande expanded into other sectors such as:
