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2min chapter
Is Evergrande Really China’s Lehman Moment?
Capitalisn't
The Chinese Government Will Not Intervene to Protect Them
Jim Boulden: I think one of the things jim laid out that strikes me as rational is the amount of a these property developmers, not just evergrand. He says if you have put all your life's savings into buying a house and the house does not materialize and you're left with nothing, you are ready to start a revolt. So the chinese government will intervene to protect them. And two thirds of the liability of ever grand are of this nature. Only one third are bonds issue in t international market. Bhut,. it'ss interesting. That the name evergrand has barely been mentioned by tops date run news outlets in recent weeks. It was only once
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