Chinese property developer Evergrande posts $81B loss over the past two years (cnbc.com) 11 points by ceejayoz 2y ago ↗ HN
[–] tnguy3n 2y ago ↗ Isn't this the company that if went bankrupt, would spread financial contagion globally?I've seen many videos on how the middle class in China uses real estate as a form of investment, and the situation looked extremely grim.It's amazing how long they can kick the can on this situation.
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[ 135 ms ] story [ 42.4 ms ] threadI've seen many videos on how the middle class in China uses real estate as a form of investment, and the situation looked extremely grim.
It's amazing how long they can kick the can on this situation.