Despite Evergrande’s woes, investors are worrying more about US policy missteps than China’s

//Despite Evergrande’s woes, investors are worrying more about US policy missteps than China’s

Despite Evergrande’s woes, investors are worrying more about US policy missteps than China’s

China has often been dubbed a Lehman-in-the-making, a reference to the spectacular collapse of Lehman Brothers, which precipitated the 2008 global financial crisis. Chinese policymakers themselves have warned of the risk of a “Minsky moment”, the onset of a disorderly fall in asset prices brought on by an excessive build-up of leverage.The deepening liquidity crisis at China Evergrande Group, the country’s second-largest property developer and the world’s most indebted, has rekindled fears of a…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2021-09-30T19:30:15+00:00 September 30th, 2021|Business|Comments Off on Despite Evergrande’s woes, investors are worrying more about US policy missteps than China’s