Tag: real estate sector

waterfall effect? From ghost towns to bankruptcy: This is how the symbol of the Chinese real estate bubble shakes world finance. The Hong Kong High Court decided to liquidate Evergrande. The decision was taken due to the Chinese giant’s failure to submit a debt restructuring proposal worth over US$300 billion. What will be the impact of the decision on the global economy?

waterfall effect? From ghost towns to bankruptcy: This is how the symbol of the Chinese real estate bubble shakes world finance. The Hong Kong High Court decided to liquidate Evergrande. The decision was taken due to the Chinese giant’s failure to submit a debt restructuring proposal worth over US$300 billion. What will be the impact of the decision on the global economy?

Evergrande’s time is up. The feared decision has come from the Hong Kong High Court: The decision to liquidate the Chinese real estate group, the world’s most indebted company. A new financial blow is falling on the real estate developer in China who is building literal ghost towns where apartments are forced to live in […]

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