Here are a few people writing on this that are interesting
- Brad De Long ( mainly a podcast but great references
- Kenneth Rogoff ( more general of real estate than to Evergrande)
- Steve from Brisbane. Both general and about Evergrande.
I don't think this a Lehmann bros moment. I very much doubt if financial contagion would occur as exposure to Evergrande is limited.
I expect Evergrande will get through this through a variety of measures as they are in essence too big to fail. If 'allowed' to fail it would have devastating affects on the Chinese economy and thus the current leadersip..
However the current chinese leadership have proved quite adroit in engaging in failure when success looked all but inevitable. 'wolf warrior leadership anyone. Is what is occurring now simply a limited variation of a modern great leap forward or cultural revolution? We live in interesting times
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