Good, corporations should be allowed to go bankrupt and eat their losses.
Evergrande liquidation: Western hedge funds shocked by liquidation | Fortune
https://fortune.com/2024/02/08/evergrande-liquidation-99-percent-haircut-hedge-funds/
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Holy shit those Chinamen do not frick around.
I'm terribly sorry that this happened, but everything in China is decided behind closed doors by some clique. You will never meet the guys in the back room who make the decisions or even know who they are. You understood this when you decided to put your money in China.
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China is doing what we should've done in '08. None of those banks should have survived too sponsor trans lives matter floats a decade later.
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