The fall of the giant Evergrande will go beyond China's borders - World Today News
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The world’s most indebted construction contractor is struggling to pay its suppliers Chinese real estate giant Evergrande is on the verge of bankruptcy and analysts say its collapse could have far-reaching consequences, even beyond China’s borders, writes CNBC. “Evergrande’s bankruptcy would be the biggest test the Chinese financial system has faced for years,” said Mark […]

As China’s economy is quite robust besides the inflated housing market as far as I can tell, this possible economic crisis can have a similar effect to the pandemic, that is to say bad for China first, worse for the West later.

[update]

Hilarious!! Just one day after, I’m already seeing the anti-gov American youtube group, the Peter Schiff’s of the youtube world, the only group that can smell that something’s not right with their own economy, saying that the US bondholders are losing out, because, guess what? The CPC isn’t likely to bail Evergrande out. Their conclusion: “This is why governments are bad.” Wahahahahahaha!!