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.

  • @Jax
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    04 months ago

    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?