this post was submitted on 03 Feb 2024
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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.

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[–] Nahodyashka@lemmy.world 1 points 9 months ago

I have a feeling that "too big to fail" will continue to be the mantra in the west for bailing these institutions out.