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submitted 1 year ago by RandAlThor@lemmy.ca to c/world@lemmy.world
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[-] Coreidan@lemmy.world 7 points 1 year ago

This has nothing to do with China.

Evergrande China and Evergrande Hong Kong are two separate entities.

The liquidation was ordered only on the Hong Kong entity of Evergrande which makes up less than 10% of their entire operation.

This means the China Evergrande is still sitting there.

[-] ryannathans@aussie.zone 2 points 1 year ago

Somehow, after all this time

[-] jimbolauski@lemm.ee 4 points 1 year ago

When the properties are liquidated I wonder how hard the real estate market in China will fall. The empty city real estate bubble may be getting ready to pop.

[-] Cuttlefish1111@lemmy.world 2 points 1 year ago

Maybe they will sell their American properties too

[-] jimbolauski@lemm.ee 0 points 1 year ago

Do they own US properties, I couldn't find any articles that they do.

this post was submitted on 30 Jan 2024
42 points (95.7% liked)

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