this post was submitted on 25 Aug 2025
126 points (99.2% liked)

World News

49412 readers
1939 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

Chinese property giant Evergrande's shares were taken off the Hong Kong stock market on Monday after more than a decade and a half of trading.

It marks a grim milestone for what was once China's biggest real estate firm, with a stock market valuation of more than $50bn (£37.1bn). That was before its spectacular collapse under the weight of the huge debts that had powered its meteoric rise.

Experts say the delisting was both inevitable and final.

"Once delisted, there is no coming back," says Dan Wang, China director at political risk consultancy Eurasia Group.

Evergrande is now best-known for its part in a crisis that has for years dragged on the world's second-largest economy.

you are viewing a single comment's thread
view the rest of the comments
[–] Wahots@pawb.social 16 points 2 days ago* (last edited 2 days ago) (2 children)

Typically this sort of stuff is the tip of the iceberg, especially in places where bad news that makes leaders look like idiots are suppressed. I wouldn't be surprised if this was the sort of 2007 event that got 2008 rolling.

Aside from potentially rawdogging a massive economic meltdown based on extremely shaky loans, market speculation and corruption, building a lot of half built buildings is also terrible for the environment now that they are occupying lands that used to be habitat. Some people probably bought places that will also never be finished, now.

[–] Tollana1234567@lemmy.today 5 points 2 days ago

ghost cities and ghost towns, chinese people spent thier life savings invested on this and lost it all, or most of it.

[–] icelimit@lemmy.ml 4 points 2 days ago (1 children)

Ok. Now how do I get rich off of this?

[–] Randelung@lemmy.world 3 points 2 days ago

You hodl GME sobs quietly