Shanghai: On Dec 26, China Evergrande Group disclosed that it had made initial progress in resuming construction work. Evergrande’s chairman vowed that it had delivered 39,000 units of properties in December as compared with less than 10,000 in the previous three months. Due to the Chinese government’s deleveraging campaign, the company had been struggling to pay back bondholders, banks, suppliers, and deliver homes to buyers, epitomizing the expanded industry.
