World News@lemmy.worldEnglish · 2 years ago

Chinese buildings go unfinished as cash crunch hits local developers

asia.nikkei.com

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Chinese buildings go unfinished as cash crunch hits local developers

asia.nikkei.com

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World News@lemmy.worldEnglish · 2 years ago

Debt-laden local government financing vehicles face soaring bond yields

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2 years ago
2 years ago was the default, today was bankruptcy.

Defaulting means youre behind on payments. Bankruptcy is when you file for methods to discharge the payments.

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