Read more on this subject: Economy – International
News Story Source: https://mishtalk.com by Mish
Many people asked me to comment on Evergrande.
First let's start with a WSJ article then a closer look at a pair of excellent Tweet threads by Michael Pettis and Girolamo Pandolfi.
Collapse of Evergrande – Background
The WSJ comments China Evergrande's looming collapse and its ripple effect on the economy will pose a test for the government's campaign to keep housing affordable for the masses.
Please consider How Beijing's Debt Clampdown Shook the Foundation of a Real-Estate Colossus.
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