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Investments & markets, News, World
By Gontran de Quillacq
On December 7, 2021

China Evergrande heads towards default

WSJ: The descent into default "is unlikely to cause much market turbulence." No doubt, a $300 bn default will be a walk in the park...???

Evergrande_Construction_SiteWSJ:

  • 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

 

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