Evergrande, China's biggest real-estate developer, is being liquidated. It has assets worth about $245 billion, but owes about $300 billion.

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.

    • @Clent@lemmy.worldEnglish
      2•10 months ago

      I have more than 5 bucks. I don’t see anything wrong with being happy that is hurting the wealthy.

      The idea that this is hurting the little guy more than the wealthy is clickbait nonsense.

      Any sane person has their retirement diversified and uses index funds.

      You sound like a wannabe day trader; a temporarily embarrassed millionaire.

            • @Clent@lemmy.worldEnglish
              3•10 months ago

              Take that comment as an example. You’re too stupid to follow the thread, too stupid to realize how stupid you sound, too ignorant to understand the loser is you.

              But points for recognizing there is a loser in this thread. Next step is realizing you are them. Next step is keeping your stupid to yourself rather than removing everyone’s doubt.