MicroWave@lemmy.world to World News@lemmy.worldEnglish · edit-211 months agoChinese buildings go unfinished as cash crunch hits local developersasia.nikkei.comexternal-linkmessage-square13fedilinkarrow-up1182arrow-down14file-text
arrow-up1178arrow-down1external-linkChinese buildings go unfinished as cash crunch hits local developersasia.nikkei.comMicroWave@lemmy.world to World News@lemmy.worldEnglish · edit-211 months agomessage-square13fedilinkfile-text
minus-squareBarrelAgedBoredomlinkfedilinkEnglisharrow-up5·11 months agoI thought evergrande crashed and burned like 2 years ago. How is this still going on?
minus-squareDudewitbow@lemmy.mllinkfedilinkEnglisharrow-up8·11 months ago2 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.
I thought evergrande crashed and burned like 2 years ago. How is this still going on?
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.