Chinese buildings go unfinished as cash crunch hits local developers
Chinese buildings go unfinished as cash crunch hits local developers
asia.nikkei.com Chinese buildings go unfinished as cash crunch hits local developers
Debt-laden local government financing vehicles face soaring bond yields
Debt-laden local government financing vehicles face soaring bond yields
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China Evergrande filed for bankruptcy today, it's over.
I thought evergrande crashed and burned like 2 years ago. How is this still going on?
2 years ago was the default, today was bankruptcy.
Defaulting means youre behind on payments. Bankruptcy is when you file for methods to discharge the payments.
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