{"id":9166,"date":"2021-12-07T17:24:30","date_gmt":"2021-12-07T22:24:30","guid":{"rendered":"https:\/\/navesinkinternational.com\/?p=9166"},"modified":"2023-12-20T02:53:21","modified_gmt":"2023-12-20T07:53:21","slug":"china-evergrande-heads-towards-default","status":"publish","type":"post","link":"https:\/\/navesinkinternational.com\/2021\/12\/07\/china-evergrande-heads-towards-default\/","title":{"rendered":"China Evergrande heads towards default"},"content":{"rendered":"<p><img decoding=\"async\" class=\"wp-image-9170 alignright size-full\" src=\"https:\/\/navesinkinternational.com\/wp-content\/uploads\/2022\/03\/Evergrande_Construction_Site_300.jpg\" alt=\"Evergrande_Construction_Site\" width=\"300\" height=\"150\" \/>WSJ:<\/p>\n<ul>\n<li>The descent into default &#8220;is <span style=\"text-decoration: underline;\">unlikely to cause much market turbulence.<\/span>&#8220;<\/li>\n<li>&#8220;Beijing has also taken broader steps to offset the impact of Evergrande\u2019s demise&#8221;<\/li>\n<li>&#8220;After a huge run-up (&#8230;), Beijing can\u2019t afford too many bailouts&#8221;<\/li>\n<li>&#8220;A belief that Evergrande was too big to fail&#8221;<\/li>\n<\/ul>\n<p>No doubt, a $300 bn default will be a <span style=\"text-decoration: underline;\">walk in the park<\/span>&#8230; ???<\/p>\n<p>&nbsp;<\/p>\n<p>Previous review: <a href=\"https:\/\/navesinkinternational.com\/2021\/10\/10\/the-worlds-largest-ponzi-is-bursting-the-evergrande-default\/\" target=\"_blank\" rel=\"noopener\">The world\u2019s largest Ponzi is bursting \u2013 the Evergrande default<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><iframe style=\"background: white;\" src=\"https:\/\/www.wsj.com\/articles\/china-evergrande-heads-toward-default-as-it-misses-payment-deadline-11638879732\" width=\"100%\" height=\"650\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WSJ: The descent into default &#8220;is unlikely to cause much market turbulence.&#8221;<br \/>\nNo doubt, a $300 bn default will be a walk in the park&#8230;???<\/p>\n","protected":false},"author":1,"featured_media":9174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12,11,15],"tags":[391,202,93,24,337],"acf":[],"_links":{"self":[{"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/posts\/9166"}],"collection":[{"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/comments?post=9166"}],"version-history":[{"count":1,"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/posts\/9166\/revisions"}],"predecessor-version":[{"id":12986,"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/posts\/9166\/revisions\/12986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/media\/9174"}],"wp:attachment":[{"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/media?parent=9166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/categories?post=9166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/tags?post=9166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}