Debt-laden local government financing vehicles face soaring bond yields

  • BarrelAgedBoredom
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    1 year ago

    I thought evergrande crashed and burned like 2 years ago. How is this still going on?

    • Dudewitbow@lemmy.ml
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      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.