Katrina Northrop on the Evergrande Debt Crisis
The Lawfare Podcast
Is This China's Lema Brothers Moment?
i think that comparison has been everywhere, and it's very natural to want to make a comparison. But from the reporting i've done, most people don't think that comparison really makes sense. The chinese government is saying they don't want to bale out evergrand but they still want to contain the crisis in any way they can. They have no incentive of blowing up there to blow up their own economy, so they want to contain this. And they have more control over the economy than the us. Government does, so if things get really bad, they can use their power to to to contain it. And that's something that the us. Can't do.
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