INSIGHTS: Evergrande Collapse – China now vs U.S. GFC
Insights
|
Posted 31/01/2024
|
378
The will-they won’t-they speculation of Evergrande is over, with a Hong Kong Court finally ordering the group to liquidate as creditors were unable to reach a restructuring deal. With $300 billion dollars in debt, the equivalent of nearly 2% of the Chinese economy it was expected (maybe hoped) the Chinese Government would jump in and save the group...
Read the full news post here.