Evergrande and now Country Garden, China steering towards a Great Depression? I wonder if this will trickle down the global economy.

by Pristine_Humor5895

Considering the scale, I don’t see how this wouldn’t impact the global economy. Are we looking at a GFC 2.0?

Huge realtor files for bankruptcy with $335billion in unpaid bills after defaulting on debts

BANKRUPTCY has been declared by a huge property developer run out of Eastern Asia.

The Evergrande filed for bankruptcy via United States bankruptcy court in New York on Thursday, made possible due to the Chinese company’s assets in the U.S.