World News@lemmy.worldEnglish · 1 year 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

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World News@lemmy.worldEnglish · 1 year ago

Debt-laden local government financing vehicles face soaring bond yields

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BarrelAgedBoredom@lemm.ee
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1 year ago
I thought evergrande crashed and burned like 2 years ago. How is this still going on?
- Dudewitbow
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  1 year 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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