@MicroWave@lemmy.world to

World News@lemmy.worldEnglish • 2 years ago

Chinese buildings go unfinished as cash crunch hits local developers

asia.nikkei.com

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Chinese buildings go unfinished as cash crunch hits local developers

asia.nikkei.com

@MicroWave@lemmy.world to

World News@lemmy.worldEnglish • 2 years ago

Debt-laden local government financing vehicles face soaring bond yields

Debt-laden local government financing vehicles face soaring bond yields

Chat

Echo71Niner
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fedilink
10•2 years ago
China Evergrande filed for bankruptcy today, it’s over.
- @BarrelAgedBoredom@lemm.ee
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  English
  5•2 years ago
  I thought evergrande crashed and burned like 2 years ago. How is this still going on?
  - Dudewitbow
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    fedilink
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    8•2 years 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.

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https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

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