Home Business China Evergrande veers toward default — and a $300 billion global shock

China Evergrande veers toward default — and a $300 billion global shock

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The question is how much pain is the government willing to inflict to teach Evergrande and the sector a lesson, said Travis Lundy, an independent analyst based in Hong Kong. “It was always a situation of when, not if, real estate expansion would slow down, because it had gotten clearly out of hand,” he said.

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