Evergrande of China says work on several housing projects has resumed


Source: texasnewstoday.com texasnewstoday.com

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The China Evergrande Group said some of the housing projects in southern China are under construction. Developers with heavy debt are trying to stop the collapse and deliver the promised homes to more than a million people. In two social media posts over the weekend, real estate giants have resumed work on more than 10 projects in and around Evergrande-based Shenzhen, working on other projects in the Pearl River Delta region near China’s south coast. It was carried out in a “steady, safe and orderly” way. The developers said hundreds of construction projects have been suspended in recent months. Evergrande...