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CTI 81: Evergrande: How we got here, and what it means, with Ming Zhao
China Tech Investor
The Immediate Guarantees Are Not All That Easy to Remove on Purpose
The implicit guarantees, i think, are very complicated to unwind. Even with there still just a very large demand for real estate, people still see that as a good investment. And without the demand side also getting a little bit of a wake up call, i have a hard time seeing how they're going to really shift.
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