Is Evergrande Really China’s Lehman Moment?
Capitalisn't
The Banking System Is What the Baging Wore Most
Local government are backing up the potential future payment. This is directly attacking at the whoe corps issue of the chinese social unrest, that potentially couldn't be caused by a ever grand default. The banking debt is of the order of about 60 thrillion dollars over g p, 15 trillion us. So if you start to have a serious amount of the fault, this can be an expensive proposition to pay oud,. Even for a country as solid as china, deferit.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
