Evergrande and China's property woes
Business Daily
00:00
The Chinese Government Is Bidding Its Time Before It Absolutely Has to Step In
There is an argument that the chinese government itself brought this situation on by imposing, last year, these debt sealings on the property developing firms. I think, ha, you know, bajing is very concerned that this could lead to contagion across the property mark it. You know, one of the major issues would be a liquidity crunch, where there are just no more loans. And so the government has continued to inject funds into the economy in order to make sure that there is sufficient liquidity.
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