China’s troubled property developer Evergrande (3333.HK) faces liquidation after a Hong Kong court deemed the company incapable of delivering on its restructuring plan. Evergrande proposed a sweeping restructuring in late 2023 to avoid collapse under its massive $300 billion debt pile-up.
Yahoo Finance’s Akiko Fujita breaks down the details, providing insights into how this could affect investors globally.
#youtube #China #stockmarket
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Sounds like a china problem 😂😂😂😂😂😂
Means same coming to America
finally! good!
About time. China trying to be western😅😂
TIMBER..
GOODBYE FEDERAL RESERVE
😅
Investors lose money. But for creditors and asset managers, this could be the straw that breaks their bankers.
This is probably their Lehman moment, and I remember what followed very quickly after Lehman and the panic in the markets