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China's Evergrande, owing more than $300B, ordered to liquidate
- hiddencost 3y agohttps://archive.is/0dtxB https://archive.is/0dtxB
- ggm 3y agoFiscal rectitude is a good thing. Floating on dreams and sucking in money is a bad thing. Sure, hurts when you have to hit the ground. You prefer a fantasy? I totally get how actualized losses are going to burn, and burn bad. A bunch of people will be seeing outcomes they did not wish for, when they agreed to have international listed property and construction in their investment profile. But, I am struggling to see how this is a bad outcome, and I am struggling to see why we should demonise the Chinese government and financial regulators for making it happen.