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

5 pointsby zanmat0over 3 years ago

1 comment

geoduck14over 3 years ago
&gt;Given Evergrande’s importance to the Chinese economy, “it’s highly probable that the state will sort out a debt restructuring programme for it”, Rollin said. In other words, Beijing will force creditors’ hands while organising the sale of Evergrande’s non-core assets.<p>A bailout is TOTALLY coming. Everyone remembers the mortgage train wreck of 2007 and no one wants a repeat of that.