Property developer China Evergrande Group has been ordered to liquidate after it failed to reach a restructuring deal with creditors.
    • Alsephina@lemmy.mlOPEnglish
      0·
      2 years ago

      The bubble already burst back in 2021 iirc when the company defaulted on its debt and the CPC refused to bail them out (based).

      • novibe@lemmy.mlEnglish
        0·
        2 years ago

        And people still talk about the “China real estate collapse” lmao