Is Evergrande Really China’s Lehman Moment?
Capitalisn't
Is There a Connection Between China and Evergrand?
In effect, chinaas manage not just the near term economic fall out of this, but the longer term social fall out of the loss of confidence. The latter may be harder to manage than the former. It forces them to re evaluate this whole economic model. And we're now going full circle to our enron days. There has been this sort of gigantic governance fraud that's been foisted on western investors who have been investing in the ali babas and even the egrands In their offshore entities. You do not own the assets. So it's kind of bazar.
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