Business
China Evergrande Winding-up Hearing in Hong Kong Adjourned Again
A Hong Kong court again pushed back a decision on whether China Evergrande Group, the world’s most-indebted property developer, should be wound up. The proceedings have been adjourned to Jan. 29. Lorretta Chen reports on Bloomberg Television.
——–
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on…
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
source
@richardyoung834
December 11, 2023 at 1:39 pm
China # 289
@trevorleechantlc
December 11, 2023 at 1:39 pm
How about building a Boxabl factory and creating REITs with dividends?
@LivingWithGout
December 11, 2023 at 1:39 pm
Uncontrollable collapse of an entire Chinese real estate sector.
@mistercornjulio5994
December 11, 2023 at 1:39 pm
It’s all controlled by the CCP.
@ArabicReja973
December 11, 2023 at 1:39 pm
Shocking numbers of China's Evergrande are only the beginning, not the end, of a Great Fall of China 🇨🇳:
– Evergrande's $340 billion debt is more than the GDP of Vietnam.
– Empty apartments, mostly unfinished, are sufficient to house the population of Germany.
– The company's eye-watering $81 billion loss over 2 years is bigger than the GDP of 40 countries.
– It lost 80% of its market value on the first day of resumed trading after 16 months of absence.
@lastChang
December 11, 2023 at 1:39 pm
Winding-up hearing on China's Evergrande to be decided in Hong Kong court
is like the Sinaloa cartel to decide on El Chapo's fate for drug trafficking. Lol
@MediaWest
December 11, 2023 at 1:39 pm
ccp has so much wrapped up in speculative real estate, and its a giant ponzi, about to crumble. there are fractures all over china. a large portion of china gdp is this false economy. it aint going to be pretty. fire sale is right.
@swedesam
December 11, 2023 at 1:39 pm
So, basically garbage.
@tedrohe9048
December 11, 2023 at 1:39 pm
Never trust or invest in the CCP in China and their corporations or debt.
@user-qb4mo6uh5c
December 11, 2023 at 1:39 pm
Give the government more time for to make vows and promises
If it were true that the Chinese government had allocated billions to the property market 2 weeks ago evergrande would have revealed this at todays hearing
Broken promises to fool the markets