China’s Property Crisis Hits New Low With Evergrande Delisting

China Evergrande Group’s delisting marks a bleak milestone for the nation’s property sector, now in a fourth year of paralysis that continues to weigh down the world’s second-largest economy.

The company, once China’s biggest developer by sales, will be removed from the Hong Kong stock exchange on Aug. 25, a year and a half after the shares were suspended and almost 16 years after the Guangzhou-based firm was listed.