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.
Oh no! I’ve been discovered! 😭🥲 Please tell me how I can be cool and feel good about myself making fun of people on the internet?