Monday, October 4, 2021

Evergrande: Too Big to Fail?

It is all about Evergrande and the financial implications to the world. Below is a snippet from BBC news:

"The very serious potential fallout of such a heavily-indebted company collapsing has led some analysts to suggest that Beijing may step in to rescue it.

The EIU's Mattie Bekink thinks so: "Rather than risk disrupting supply chains and enraging homeowners, we think the government will probably find a way to ensure Evergrande's core business survives."

Others though are not sure..."

- Peter Hoskins and Katie Silver

A House of Cards — Radio Free Asia

Image credit - Radio Free Asia

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