China Evergrande ordered to liquidate, owing $300 bln
China Evergrande, the world’s most indebted developer, has been ordered to liquidate by a Hong Kong court. With over $300 billion in total liabilities, this move is likely to have significant ripple effects on China’s financial markets and could potentially become a global emergency. As someone who frequently travels between Shenzhen and Hong Kong, I have observed the stark contrast in the way the news is presented. Mainland China reassures its citizens that there is nothing to worry about, while Hong Kong warns of an impending disaster. This stark difference in narratives is troubling, and it raises questions about the transparency and reliability of information.… Continue reading
John Q. Hosedrinker