[hbd-investor]

They bailed out the little people and jailed the CEO's.

What happened was these companies went into massive debt building buildings based on the belief that real estate prices would increase forever infinitely.

The Chinese govt popped the bubble.

These real estate companies went bankrupt, many of them took payments from retail for apartments that weren't built.

They arrested the CEO's and upper management, siezed and sold their assets.

But the people did get bailed out by the government, all the little folk who bought apartments were refunded or had the construction project finished by the government.