China's economy

Looking like a slow motion train crash:

Evergrande has failed to deliver the debt restructuring plan it promised…

…The real estate company’s failure to meet its self-imposed deadline comes at a time when China’s entire property sector is dealing with a growing mortgage boycott and slumping housing sales.

https://www.msn.com/en-us/money/companies/evergrande-has-fai…

Add to this some banks doing a bail in with depositors’ money. It’s not looking too good.

4 Likes

Evergrand is the whale. The minnows do not matter.

Evergrand was already bailed out once.

The scope of the failure is systemic.

Evergrand is the whale. The minnows do not matter.

Evergrand was already bailed out once.

The scope of the failure is systemic.

TBTF
USA 2008-09 Bailout