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#CreditCrunch

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Norobiik @Norobiik@noc.social

I don't think China can stop this row of falling dominoes. #Evergrande is just one of the doomed property giants. Massive #CreditCrunch incoming.
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Judge says ‘enough is enough’ after developer, which has $300bn in debt, fails to provide convincing restructuring plan

#EvergrandeCollapse: #HongKong court orders #liquidation of #China property giant | #PropertyMarketCrisis
theguardian.com/business/2024/

Back toot: noc.social/@Norobiik/111825803

An Evergrande housing complex in Beijing, China. A Hong Kong judge has ordered the liquidation of the property developer. Photograph: Mark R Cristino/EPA
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