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

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5•1 year ago
I thought evergrande crashed and burned like 2 years ago. How is this still going on?
- Dudewitbow
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  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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