The Chinese Government Is Now Ship Steering the Ship Through This Race

Earlier this year, anyone who was kind of an expert in this field, reached the conclusion that it was inevitable that they would default. So a couple of weeks ago, a evergrand announced that they were likely to struggle to meet their coming financial obligations. Immediately after this, evergrand's chairman was summoned to a meeting with state officials. The government basically said, come here. Come have a meeting with us. And most interestingly, there's only two executives from evergrant, but there's four representatives from state run entities.