What the collapse of a company owing $300 billion means for the world
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What the collapse of a company owing $300 billion means for the world
https://www.businessinsider.com/china-evergrande-property-real-estate-crisis-debts-collapse-what-happens-2024-2
Evergrande, China's biggest real-estate developer, is being liquidated. It has assets worth about $245 billion, but owes about $300 billion.
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.