The long-embattled property developer was finally ordered to liquidate. What comes next will test Western companies’ appetite to keep operating in China.
They still have 2 weeks to appeal, let’s see what happens if they don’t. Right now, Chinese stocks are predictably crashing, but globally not much else is happening. Also, this has been in the works for >1.5 years, so it should be mostly factored in already.
They still have 2 weeks to appeal, let’s see what happens if they don’t. Right now, Chinese stocks are predictably crashing, but globally not much else is happening. Also, this has been in the works for >1.5 years, so it should be mostly factored in already.
I don’t think it could be that easy, given the size of Chinese real estate. That’s a lot of collateral no matter how you slice it.