Property developer China Evergrande Group has been ordered to liquidate after it failed to reach a restructuring deal with creditors.
  • Alsephina@lemmy.mlOPEnglish
    0·
    8 months ago

    The bubble already burst back in 2021 iirc when the company defaulted on its debt and the CPC refused to bail them out (based).

    • novibe@lemmy.mlEnglish
      0·
      8 months ago

      And people still talk about the “China real estate collapse” lmao