In 2022, was China Trade City in Xingsha bankrupt and liquidated?
Liquidation. Xingsha Zhongmao City was developed by Hunan Zhongmao Real Estate Development Co., Ltd., and Xingsha Zhongmao City was declared bankrupt on April 19, 2022 due to poor management. In order to properly handle the problem of funds, Xingsha China Trade City has accounted for all funds on May 1 2022.