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.

  • ReallyKinda@kbin.social
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    9 months ago

    It looks to me like there are a fair amount of finished homes with fine construction that are vacant due to this whole thing. Many weren’t completed but many were.

    • DdCno1@kbin.social
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      9 months ago

      Fine construction? Based on what? Have you actually seen these ghost cities? There is nothing fine about them.

      • ReallyKinda@kbin.social
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        9 months ago

        Based on scanning wiki and a couple articles and seeing nothing about construction quality aside from unfinished projects, definitely not an authority