Reading Michael Pettis: What Does an Evergrande Meltdown Mean for China? [Ep. 119]
Eurodollar University
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Michael Pettis on China's Macroeconomic Puzzle
Local suppliers and contractors are likely next in line for protection as they did not choose voluntarily to be Evergrand creditors. A hunt for those who will be held responsible for especially egregious forms of financial losses could also be in the offing. Michael Pettis has been a professor of finance at Peking University for I believe two decades he's at least lived in China for at least two decades. He writes about the country regularly as well as other matters of economic history at the Carnegie Endowment for International Peace. His blog is called the Michael Pettis China Financial Markets.
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