China Evergrande, the troubled property giant that has become a symbol of debt and excess in the world’s second-largest economy, said on Tuesday that it faced “tremendous” financial pressure and had hired restructuring experts to “explore all feasible solutions” for its future. The company’s fate, however, remains unclear, as it struggles in a country where business troubles often attract the direct attention — and the direct meddling — of Beijing. Evergrande’s admission that its finances have taken a sharp turn sent its already battered shares down by 12 percent on…
China Evergrande Warns of Financial Pressure, Hires Advisers
