2 ms·
> 1.) Why did it take Evergrande 3 years to liquidate? Because this isn't "the West". China/CCP is specifically unwinding this slowly to avoid cross-market co
by r00fus 3y ago
> 1.) Why did it take Evergrande 3 years to liquidate?
Because this isn't "the West". China/CCP is specifically unwinding this slowly to avoid cross-market contagion.
- ffgjgf1 3y agoAnd looting all the remaining assets in the process. Not to mention trying to extract as much as possible from mortgage holders who bought uncompleted houses and have to continue paying even though they’ll never get anything in return.