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Evergrande Is China’s Economy in a Nutshell

WSJ Original article ›
LyrArc Article Gist
China's economy has run out of road says Streetwise in the WSJ. Evergrande is the first of many implosions. This view is that Evergrande is China's economy in miniature, built entirely on borrowed money and credit. Real estate developers and other sectors run in the style of Evergrande with borrowed money will run out of credit.



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