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.

  • Nahodyashka@lemmy.world
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    9 months ago

    I have a feeling that “too big to fail” will continue to be the mantra in the west for bailing these institutions out.

    • Wanderer@lemm.ee
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      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