China Evergrande, the second largest real estate developer in China, is on the brink of collapse with it’s debt trading at 30 cents on the dollar. Other Chinese developers are being dragged down with them. What is driving this collapse? Decades of central planning, speculative bubbles, and demographic problems just to name a few.
Link to China’s Reckoning Series: https://www.youtube.com/watch?v=vTbILK0fxDY
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