Yes, i would also like to know more about this as well, any pros here that can chime in? its making big rounds on western media.So does anyone know what the deal is with Evergrande? Seeing a ton of articles in Western dailies and elsewhere how this property giant is about to fall and cause a ripple effect in the Chinese economy.
China watchers meanwhile are having orgasms and calling it Chinas 2008 moment . I think the major issue is the thousands of families who've invested their money and now the housing projects have stalled.
From what i know, it is said that the Chinese government is in a dilemma of helping Evergrande or not, helping it will cause a moral hazard and set a precedence that firms can continue to be reckless as the state will always step in, while not helping will cause the "ChinEsE EcoNomic CollApse" so to speak. Need some professional opinion here.