Evergrande files for bankruptcy

[serendipity]

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China’s Evergrande Group — once the country’s second-largest property developer — filed for bankruptcy in New York on Thursday.

The beleaguered firm borrowed heavily and defaulted on its debt in 2021, sparking a massive property crisis in China’s economy, which continues to feel the effects.

https://edition.cnn.com/2023/08/17/business/evergrande-files-for-bankruptcy/index.html

 

[Hawkeye10]

The CCP has so far as I know (I have been told) decided that if foreigners lose money in Chinese companies they are not too concerned....they will protect their own people first.

 

[Lightbringer]

The CCP has so far as I know (I have been told) decided that if foreigners lose money in Chinese companies they are not too concerned....they will protect their own people first.

Yes, and that's why you're being watched.

 

[Matt Dillon]

Well, that doesn't bode well for the people of the world.

 

[Matt Dillon]

The CCP has so far as I know (I have been told) decided that if foreigners lose money in Chinese companies they are not too concerned....they will protect their own people first.

I just bet, brah.