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.
Fine construction? Based on what? Have you actually seen these ghost cities? There is nothing fine about them.
Based on scanning wiki and a couple articles and seeing nothing about construction quality aside from unfinished projects, definitely not an authority