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China?s ‘demolition’ of Evergrande halts property boom to curb risky business

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Even so, “China’s objective is to scale back danger, it’s to not set off a disaster,” stated Bo Zhuang, a Singapore-based economist at Loomis, Sayles & Firm, an funding administration agency. A collection of bulletins from Chinese language policymakers meant rankings companies categorized Evergrande bonds as dangerous junk months in the past, not like Lehman Brothers’ bonds that have been rated as investment-grade days earlier than its collapse.

https://www.washingtonpost.com/world/asia_pacific/china-evergrande-debt-property-xi/2021/09/28/98ad816e-1f3f-11ec-a8d9-0827a2a4b915_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | China?s ‘demolition’ of Evergrande halts property increase to curb dangerous enterprise

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