China's Evergrande says it is asking for US court to approve debt plan, not filing for bankruptcy
A giant Chinese real estate developer that is struggling to avoid defaulting on $340 billion in debt says it is asking a U.S. court to approve a restructuring plan for foreign bondholders and denied what it said were news reports suggesting it filed for ba...
That's a type of bankruptcy
Correct, but not full-blown bankruptcy as many are saying. that's why the impact was not what one could have expected.
And we're to believe a chinese company and assume they aren't lying to us? Especially when china literally just made it illegal to talk about or suggest there's a recession and/or depression/economic collapse currently happening in china?
When you see everyone saying something that is inaccurate it tells you someone with power is tricking you into doing something and act on that information. I’m just noticing. Is a debt restructuring. 1B was liquidated from the crypto market today so im looking at the big picture to make some sense of what’s coming