Property developer China Evergrande Group has been ordered to liquidate after it failed to reach a restructuring deal with creditors.
  • KevonLooney@lemm.ee
    51·
    10 months ago

    Was just going to say this. This will just shift money away from Chinese RE, probably into RE in the West.

    • khannie@lemmy.worldEnglish
      42·
      10 months ago

      I think they have fairly strict monetary controls to prevent that.

      I spent a decent amount of time in China before COVID and the amount of semi finished husks of buildings was alarming. They definitely over-built and the piper is finally getting paid it looks like.