A Hong Kong court ordered the liquidation of China Evergrande, the world’s most indebted property developer.
Evergrande has assets of about $245 billion, but owes about $300 billion.
Its demise is a “controlled collapse,” but still raises systemic risk and will hurt investors, says an analyst.
breaks out world’s tiniest violin
Investors can go suck it, I’m in the corner of the working class.
I don’t think you quite understand that in this case, it’s millions upon millions of working and middle class people who put most of their life’s savings into this.
So you’re in the corner of the working class, and playing the tiniest violin at their suffering?
Are you sure you just an awful person, or do you not read?