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Jiguha, Is It a Lima Moment for China?
Many people compare evigrand to a lima moment, referring to the failure of investment mank leman and two thousand and eight. Jiguha is a professor of finance at baker freeman institute for economics in china. The argument he makes is that houses are a really special good in chinese culture,. People are willing to pay special prices for that. He also argues that china is strong enough to weather the storm quite effectively.