- cross-posted to:
- world@lemmy.world
- finance@beehaw.org
- cross-posted to:
- world@lemmy.world
- finance@beehaw.org
China’s Evergrande Group — once the country’s second-largest property developer — filed for bankruptcy in New York on Thursday.
China’s Evergrande Group — once the country’s second-largest property developer — filed for bankruptcy in New York on Thursday.
Its fucked, no way around it. Property bubble has already exploded with a whimper, thanks to CCP censorship. Chinese households are now extremely wary of trusting their money to others and aren’t gonna be buying homes until the next (unsustainably small) generation.