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  1. Haldilal

    Evergrande’s collapse would have ‘profound consequences’ for China’s economy

    Ya'll Nibbiars My own interpretation of things is that the Chinese government will not bail out EG but might help homeowners so that stalled projects are completed. The real contagion will be on how this will playout. As I have stated, RE accounts for 20-30% of GDP. RE will definitely slowdown...
  2. Haldilal

    Evergrande’s collapse would have ‘profound consequences’ for China’s economy

    Ya'll Nibbiars Do you understand the Evergrande issue in China?. I had written about runaway debt in China, and that the country was overleveraged on all fronts corporate, retail, and government. I.e. every segment in the country has borrwed, and borrowed a lot. IIRC at that time. I had...
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