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Evergrande more Greece than Lehman

September 20, 2021 - 09:00 -- Admin

The Evergrande saga is intensifying daily. The firm’s equity is all but gone. Its debt barely trades. Its sales and assets are crashing in value. Its brand damage is ruinous. Moreover, we have now reached a point of open crisis for the entire Chinese property development sector. Funding spread blowouts are indistinguishable from being frozen.

The post Evergrande more Greece than Lehman appeared first on MacroBusiness.

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