US EditionChina’s Boom and Bust Real Estate Giant Won’t be Missed
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China’s Boom and Bust Real Estate Giant Won’t be Missed
China Evergrande – the poster child of China’s ludicrous real estate frenzy – is set to crash and burn. But the tangled wreckage of its $300-billion collapse could take a decade to extinguish. Evergrande Group faces delisting from the Hong Kong Stock Exchange on Monday, an outcome the Communist Party leaders are likely happy to see, given the dark shadow it has cast on their closed and woefully unbalanced system. Evergrande was once the country’…
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