A Hong Kong court's order to liquidate the world’s most heavily indebted real estate developer is only a tentative step toward resolving a debt crisis that is haunting financial markets and dragging on the Chinese economy.
  • Coreidan@lemmy.worldEnglish
    101·
    2 years 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.

  • jimbolauski@lemm.eeEnglish
    82·
    2 years 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.

      • jimbolauski@lemm.eeEnglish
        21·
        2 years ago

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