Founder of Chinese property giant Evergrande sentenced to life in prison

Long live the chairman! China seems to be winning. China playing on easy mode tho in comparison to the west. (Authoritarian and centralized government can be VERY effective with applying wherever policy they want)

Oh man, china making a bid for most rational country on the planet.

Can you imagine a conglomerate making up a third of the US GDP collapsing and US not being plunged into a multi-decade depression? Like, Wal-Mart shuts down and we're completely hosed. This was their AI bubble (i.e., massive and built on fraud), and they popped it ON PURPOSE, rode it out, and are barely worse for the wear.

We're doing something wrong.