Evergrande has defaulted on its debt, Fitch Ratings says

Re:Evergrande has defaulted on its debt, Fitch Ratings says by JamesSwift on Thursday December 09, 2021 @09:06AM (#29497456)

Its pretty uncommon to own a home in China. Much more likely to be a communal housing complex or apartment.

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by selestify on Thursday December 09, 2021 @10:43AM (#29498638)

Someone just posted that the ownership rate is 89% (apparently 92% as of newer data): https://en.wikipedia.org/wiki/List_of_countries_by_home_owne...

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by JamesSwift on Thursday December 09, 2021 @12:38PM (#29500420)

I tried to check the source but it doesnt list it. My knowledge is mostly anecdotal so could be wrong but I would be incredibly surprised if the stat you reference was accurate.

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by mads on Thursday December 09, 2021 @12:14PM (#29500092)

I think the rural parts of china is driving those stats.

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