
Is Evergrande Really China’s Lehman Moment?
Capitalisn't
Investing in China
30% of china g d p directly and directly is base on real estate market. Some of it done externally, through some very complicated system called v i. E vi stands for vibal intes entity. At default, the assets of v i e entity is basically some claim in china. And this claim is basically non enforcible.
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