What the collapse of a company owing $300 billion means for the world
businessinsider.com
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.
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How did it get so bad? Is there a tl;Dr anywhere that explains it fully?
This is from Economics Explained two years ago. It basically explains the whole thing, but it isn't really a TLDR.
https://www.youtube.com/watch?v=lbH_8Nj51HU
If that's too long, Peter Zeihan recently gave a fair summary in a six-minute video.
https://www.youtube.com/watch?v=JD3m6U6g53k
Here is an alternative Piped link(s):
https://www.piped.video/watch?v=lbH_8Nj51HU
https://www.piped.video/watch?v=JD3m6U6g53k
Piped is a privacy-respecting open-source alternative frontend to YouTube.
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I think it’s something like: CCP controls what investments citizens make. CCP wants to expand infrastructure and build up a lot of properties. The company gets overfunded. CCP also implements one child policy for like, idk four decades. Not enough people to live in all the properties they built that never relied on market demand.
It's a ponzi sceme with extra steps