Once worth HK$400 billion ($51 billion), China Evergrande Group is on the cusp of being delisted from the Hong Kong Stock Exchange amid continuing wider chaos throughout the Chinese property market as over 70% of China’s offshore property bonds—amounting to more than $140 billion—have fallen into default since 2021, while property construction is expected to fall another 30% by 2035 amid demand shortages.
What do you think?
“And to think that everybody called me an idiot for investing in the gingerbread housing market. Well, who’s laughing now?”
“Defaulting on $140 billion is regrettable. But it proves that China can achieve scale in any sector.”
“Evergrande may vanish from the stock exchange, but it will live forever in the group chats of disappointed uncles.”
Zhang Yukun, 66
Power-Button Pusher
Liu Haoran, 23
Receipt Enthusiast
Chen Meiling, 30
Spoon Monger
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