- The descent into default “is unlikely to cause much market turbulence.“
- “Beijing has also taken broader steps to offset the impact of Evergrande’s demise”
- “After a huge run-up (…), Beijing can’t afford too many bailouts”
- “A belief that Evergrande was too big to fail”
No doubt, a $300 bn default will be a walk in the park… ???
Previous review: The world’s largest Ponzi is bursting – the Evergrande default