this post was submitted on 25 Aug 2025
119 points (99.2% liked)

World News

49395 readers
1201 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

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.

top 11 comments
sorted by: hot top controversial new old
[–] toad31@lemmy.cif.su 1 points 1 day ago

“Once delisted, there is no coming back,”

Can someone explain why this is?

[–] probable_possum@leminal.space 7 points 1 day ago* (last edited 2 hours ago) (2 children)

... meteoritic rise...

No, they don't. Meteorites fall to the ground while vaporizing themselves. Like Evergrande it seems.

Edit: @Hugin@lemmy.world made a good point. It actually does make sense of you say meteoric rise, which they did.

[–] Hugin@lemmy.world 5 points 11 hours ago (1 children)

meteor means things high in the sky. from Greek ta meteōra "the celestial phenomena, things in heaven above," plural of meteōron, literally "thing high up,"

[–] probable_possum@leminal.space 1 points 6 hours ago (1 children)
[–] Hugin@lemmy.world 3 points 3 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 1 points 2 hours ago

meteoric rise.

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

[–] Tollana1234567@lemmy.today 2 points 1 day ago (1 children)

if they considered "ejecta" rising after the metorite crashes and sends material into space.

[–] probable_possum@leminal.space 1 points 1 day ago (1 children)
[–] Tollana1234567@lemmy.today 2 points 12 hours ago

the rise caused by a meteor, only to fall and burning at the same time, before the crash.

[–] Tempus_Fugit@midwest.social 3 points 2 days ago (1 children)

This only seems bad if you're drinking the capitalist Kool aid. Does this really matter at the end of the day?

Mostly likely yes (insofar as a single bank can matter). When banks collapse it sets off a cascade of debt defaults which rapidly contracts the real money supply in an economy, since most actual wealth (and, in turn, the physical creation and transfer of goods, services, and labor that facilitates) is created via fractional reserve lending. This causes a recession. If it was only this bank, it probably wouldn't be that huge of a deal for China more broadly. But it's not only this bank, and it is a huge number of provincial pet banks all tied to the same development and speculation industry. There's a reason economists have been sounding alarm bells. That's not to say China doesn't have the resources to deal with this and/or the fallout, but it is at least a problem to be dealt with.