And another goes into admin in Ballarat. 115 houses. Nearly 2500 builders have gone tits up now.
Not quite Evergrande. But now China has shown they will let the debts default. What happens now?
Was that the first domino to fall, that is heavy enough to knock down how many others??
Fortunately Australia doesn’t need a strong China to sell our iron ore and coal to, to drive our economy.
I am sure it wont impact us.China are still building their war, sorry, defence machine.
https://www.news.com.au/finance/business/other-industries/victorian-construction-firm-goes-into-administration-citing-worst-economic-in-30-years/news-story/71543e039c83c9d0372904d03b963acc
