Norobiik @[email protected]Jan 29, 2024

I don't think China can stop this row of falling dominoes. #Evergrande is just one of the doomed property giants. Massive #CreditCrunch incoming.
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Judge says ‘enough is enough’ after developer, which has $300bn in debt, fails to provide convincing restructuring plan

#EvergrandeCollapse: #HongKong court orders #liquidation of #China property giant | #PropertyMarketCrisis
https://www.theguardian.com/business/2024/jan/29/evergrande-collapse-liquidation-china-debt-developer-property-giant

Back toot: https://noc.social/@Norobiik/111825803095593829

Evergrande collapse: Hong Kong court orders liquidation of China property giant

Judge says ‘enough is enough’ after developer, which has $300bn in debt, fails to provide convincing restructuring plan

The Guardian