• Kusimulkku@lemm.ee
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    8 months ago

    Evergrande operates in the same sector and is a big player there. I won’t shed a tear for them. What I’m saying is that hopefully them going down won’t take anyone else with them and cause havoc on the whole sector.

    • Linkerbaan@lemmy.world
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      8 months ago

      It will because now there will be a mass sale. Also China’s only means of investment being houses instead of the stock market did help Evergrande pump up their bubble quite a bit.

      The Evergrande director will take his golden parachute, many poorer Chinese people will be left scammed, with nothing.