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World News@lemmy.worldEnglish · 11 months 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 · 11 months ago

Debt-laden local government financing vehicles face soaring bond yields

Debt-laden local government financing vehicles face soaring bond yields

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Echo71Niner@kbin.social
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11 months ago
China Evergrande filed for bankruptcy today, it’s over.
- BarrelAgedBoredom@lemm.ee
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  11 months ago
  I thought evergrande crashed and burned like 2 years ago. How is this still going on?
  - Dudewitbow@lemmy.ml
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    11 months 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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