Is Evergrande Really China’s Lehman Moment?
Capitalisn't
The Chinese Real Estate Model and Its Relationship With China's Banks
At the end of o nine, annalysts reported at the time that china had 5 point six billion square meters of high rises under elopment. That's a five foot by five foot office cubi for every man, woman and child in china. The enormity of what china was doing was just sort of mind boggling,. all that that property has been built and then some sort of three x since two thousand nine. And it got us to look deeper into the nature of the chinese economic model and the symbiotic relationship between the state owned and state controlled banks.
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