OpinionThinking About China

Evergrande Canceled: This Is Far From the End

A Hong Kong court finally demands the liquidation of Evergrande, but this is not the end for Evergrande and certainly not for China’s property troubles.
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Evergrande Canceled: This Is Far From the End
An abandoned Evergrande commercial complex called Evergrande Palace in Beijing on Jan. 29, 2024. A Hong Kong court on Jan. 29 ordered the liquidation of China's property giant Evergrande, but the firm said it would continue to operate in a case that has become a symbol of the nation's deepening economic woes. Greg Baker/AFP via Getty Images
Milton Ezrati
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More than two years after the massive property developer Evergrande first acknowledged that it couldn’t meet its $300 billion in liabilities, a Hong Kong court has finally ordered the company’s liquidation.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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