World NewsEnglish • 1 year ago

Chinese buildings go unfinished as cash crunch hits local developers

asia.nikkei.com

178

Chinese buildings go unfinished as cash crunch hits local developers

asia.nikkei.com

World NewsEnglish • 1 year ago

Debt-laden local government financing vehicles face soaring bond yields

Debt-laden local government financing vehicles face soaring bond yields

Chat

Echo71Niner
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fedilink
10•1 year ago
China Evergrande filed for bankruptcy today, it’s over.
- @[email protected]
  link
  fedilink
  English
  5•1 year ago
  I thought evergrande crashed and burned like 2 years ago. How is this still going on?
  - Dudewitbow
    link
    fedilink
    English
    8•1 year ago
    2 years ago was the default, today was bankruptcy.
    
    Defaulting means youre behind on payments. Bankruptcy is when you file for methods to discharge the payments.

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