Chinese buildings go unfinished as cash crunch hits local developers
asia.nikkei.com
Debt-laden local government financing vehicles face soaring bond yields
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Debt-laden local government financing vehicles face soaring bond yields
China Evergrande filed for bankruptcy today, it's over.
I thought evergrande crashed and burned like 2 years ago. How is this still going on?
2 years ago was the default, today was bankruptcy.
Defaulting means youre behind on payments. Bankruptcy is when you file for methods to discharge the payments.