Quote from Ndubuisi Ekekwe on September 28, 2023, 9:47 PM

This can turn out  really bad and everyone should be watching how this plays out. Simply, China must find a solution for Evergrande.

China's Evergrande, which holds the dubious distinction of being "the world's most debt-saddled real estate developer," per The New York Times, on Thursday halted trading shares of its three publicly traded companies in Hong Kong. The company said its chairman, Hui Ka Yan, had been "subject to mandatory measures" for suspicion of "illegal crimes." Hui has reportedly been "under police control" since early September. Evergrande is one of several major Chinese real estate developers to tank in the past two years, which could have worldwide impacts if their foreign creditors don't get paid back.