RandAlThor@lemmy.ca to World News@lemmy.worldEnglish · 7 months agoOrder to liquidate property giant China Evergrande is just one step in fixing China's debt crisisapnews.comexternal-linkmessage-square5fedilinkarrow-up154arrow-down12
arrow-up152arrow-down1external-linkOrder to liquidate property giant China Evergrande is just one step in fixing China's debt crisisapnews.comRandAlThor@lemmy.ca to World News@lemmy.worldEnglish · 7 months agomessage-square5fedilink
minus-squareCoreidan@lemmy.worldlinkfedilinkEnglisharrow-up11arrow-down1·7 months agoThis has nothing to do with China. Evergrande China and Evergrande Hong Kong are two separate entities. The liquidation was ordered only on the Hong Kong entity of Evergrande which makes up less than 10% of their entire operation. This means the China Evergrande is still sitting there.
minus-squareryannathans@aussie.zonelinkfedilinkEnglisharrow-up4·7 months agoSomehow, after all this time
This has nothing to do with China.
Evergrande China and Evergrande Hong Kong are two separate entities.
The liquidation was ordered only on the Hong Kong entity of Evergrande which makes up less than 10% of their entire operation.
This means the China Evergrande is still sitting there.
Somehow, after all this time