A Hong Kong court has ordered China Evergrande, the world’s most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and bondholders that fueled fears about China’s rising debt burden.
If Chinese companies work anything like American companies the fact that they have been floating all this time without being checked by creditors is amazing in of itself and just goes to show that they are being artificially propped up either by government, amicable law or both.
If Chinese companies work anything like American companies the fact that they have been floating all this time without being checked by creditors is amazing in of itself and just goes to show that they are being artificially propped up either by government, amicable law or both.
Corporations and economies are all man-made in the first place; it’s all “artificial”.