A Hong Kong court ordered the liquidation of China Evergrande, the world’s most indebted property developer.

Evergrande has assets of about $245 billion, but owes about $300 billion.

Its demise is a “controlled collapse,” but still raises systemic risk and will hurt investors, says an analyst.

  • tsonfeir
    link
    fedilink
    English
    arrow-up
    1
    ·
    4 months ago

    Maybe they bought too many houses in the US and can’t rent them for 5000/m