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.

  • rbesfe@lemmy.ca
    link
    fedilink
    English
    arrow-up
    1
    ·
    11 months ago

    “investors” in this case include middle class Chinese citizens, I think that’s worth caring about