Evergande's bankruptcy liquidation ruling may undermine Hong Kong's credibility. And will emerging markets finally spring back?
Shocked EM did so poorly since 2011.
Do see a lot of potential for bank/shadow bank failures a la Zhonzhi? Saw one (crazy) estimates of $4 trillion in property losses. Hard to bail that out if need be.
Yes, I think you're right -- in a sense, China's property sector is too big to fail... but it could.
Shocked EM did so poorly since 2011.
Do see a lot of potential for bank/shadow bank failures a la Zhonzhi? Saw one (crazy) estimates of $4 trillion in property losses. Hard to bail that out if need be.
Yes, I think you're right -- in a sense, China's property sector is too big to fail... but it could.