The inside story behind the still-unfolding Evergrande default crisis is real estate itself, like Afghanistan a ‘grave of empires’, in this case commercial and policy empires. The regulatory brakes jammed on the sector’s debt may spare global markets but, if allowed to stand, could cut deep
September: internal crackdowns, external pledges
September: internal crackdowns, external…
September: internal crackdowns, external pledges
The inside story behind the still-unfolding Evergrande default crisis is real estate itself, like Afghanistan a ‘grave of empires’, in this case commercial and policy empires. The regulatory brakes jammed on the sector’s debt may spare global markets but, if allowed to stand, could cut deep