World News@lemmy.ml

worldnews@lemmy.ml

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filoriatoWorld News@lemmy.ml·7 months ago

Evergrande: China property giant and its founder accused of $78bn fraud

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Evergrande: China property giant and its founder accused of $78bn fraud

filoriatoWorld News@lemmy.ml·7 months ago

Former billionaire Hui Ka Yan has been fined and faces being banned from the financial markets for life.

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7 months ago
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Well China is trying to not bail them out, at least for now. And some others have done it before too. It’s just people fear the risk of doing that, hoping that by bailing them out things won’t be as bad.