Hong Kong court orders liquidation of China's Evergrande

The company's executive director vowed the Hong Kong court's decision would not impact its operations domestically, while analysts said the ruling would further erode foreign investor confidence in China.

A Hong Kong court on January 29 ordered the liquidation of China's property giant Evergrande, but the firm said it would continue to operate in a case that has become a symbol of the nation's deepening economic woes. (Photo by AFP)