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submitted 9 months ago by Ninjazzon@infosec.pub to c/world@lemmy.world

A Hong Kong court ordered the liquidation of China Evergrande, the world's most indebted property developer.

Evergrande has assets of about $245 billion, but owes about $300 billion.

Its demise is a "controlled collapse," but still raises systemic risk and will hurt investors, says an analyst.

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[-] Wanderer@lemm.ee 1 points 9 months ago

They got given loans that they had to pay back with interest.

But I don't see how the west are going to fail. What's happening in China is different to the west

this post was submitted on 03 Feb 2024
296 points (97.4% liked)

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