Weekly Update: Is China on a Treadmill to Hell?
The Jacob Shapiro Podcast
00:00
The Canary in the Coal Mine Is Evergrand
Evergrand is the, at one point, i think, it was the most valuable real estate company in the ld. And around august, september, 20 21, they started having liquidity problems. By the end of last november, they actually started defaulting on debt. The chinese government basically started telegraphing, hay, we're not just going to baile out these property developers.
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