Real estate giant China Evergrande will be liquidated (nytimes.com)

Article summary

The article reports on the liquidation of China Evergrande, a real estate giant, but the details of the article are not available. Commenters discuss the implications of the liquidation, including the fate of creditors and the potential impact on the Chinese economy. Some commenters mention that Evergrande has unfinished projects with units that have already been sold to buyers who are still making monthly payments. The liquidation may have significant social and economic consequences in China.

Main themes

• China Evergrande liquidation
• Chinese economy
• real estate bubble
• ghost cities
• cryptocurrency impact
• nominative determinism
• investment risks

What commenters say

• The liquidation of Evergrande will have severe consequences for creditors and buyers who have invested in the company's projects.
• The Chinese government's control over the economy is not as strong as it seems, and local governments have driven the development of ghost cities.
• The investment in Evergrande and other Chinese real estate companies was a risky bubble that has now burst.
• The liquidation of Evergrande may have international implications, including the potential for a crash in the value of cryptocurrencies such as Bitcoin.
• Some investors were foolish to take on debt from Evergrande, hoping for a government bailout.
• The concept of nominative determinism is relevant to the company's name and its eventual fate.
• The development of ghost cities in China was driven by speculation and the expectation of future growth, rather than actual demand.
• The liquidation of Evergrande may lead to widespread social upheaval in China, as many people have invested their savings in the company's projects.