this post was submitted on 25 Aug 2025
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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.

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[–] Hugin@lemmy.world 3 points 6 hours ago (1 children)

meteoric rise means to rise high in the sky. Meteorologist to study things high in the sky. Meteor thing in the sky.

Meteoric rise doesn't reference the rock falling from the sky. They have the same root word meaning high in the sky.

[–] probable_possum@leminal.space 2 points 5 hours ago

meteoric rise.

Ooooh! They didn't write meteoritic but meteoric.
You are right. Thanks for the explanation.