Hunting for Hidden Financial Risks | Stephen Clapham
Forward Guidance
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Evergrande: A Massive Blow to the Chinese Growth Story
Evergrande is a massive blow to the Chinese growth story, says Steve. People's propensity to put down money for an apartment that's going to be delivered two years later will diminish. I kind of understand and am slightly surprised that they're prepared to throw these companies out of the window. But you know, it shows that the Chinese authorities don't really care that much about the US investor. It's not top of the priority list.
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