#INTERNATIONAL_TECH_NEWS | #Evergrande has #defaulted on its #DEBT, #Fitch_Ratings says..

DEBT is the New Currancy CONFIRMED!

Hong Kong (CNN Business)Evergrande, the embattled Chinese property developer, has defaulted on its debt, according to Fitch Ratings.

PLANNED long before since 2008??

The credit ratings agency on Thursday downgraded the company and its subsidiaries to "restricted default," meaning that the firm has failed to meet its financial obligations.

https://edition.cnn.com/2021/12/09/investing/evergrande-default-fitch-intl-hnk/index.html