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The Channel of Contagion Could Be Different
Evergrand has been the leader in overseas debt issuance. It's accounted for six of the ten largest offshore us dollar denominated bond deals by chinese real estate companies, between two thousand 16 and two thousand 21. If evergrand doesn't pay, it will be, i think it will be a sign, a sign of things to come. And while to go back to the idea of this being alemon moment or not, because history repeats, but it doesn't repeat exactly ragt.