China's property giant Evergrande is on the brink of bankruptcy.
https://www.news.com.au/finance/econ...77c7336d5ecc8d
"There has been wild speculation that the Evergrande collapse could cause a global financial crisis of the likes seen with the Lehman Brother’s – a reference to the financial giant that went bankrupt in 2008 causing the GFC.
"However, most of Evergrande’s debt is localised in China, but there is always a risk of investors and banks in other markets getting spooked, leading to a global credit crunch, Prof Powell noted."
Will Evergrande collapse?
Will China bail them out?
Would an Evergrande bankruptcy lead to a new GFC?
https://www.news.com.au/finance/econ...77c7336d5ecc8d
"There has been wild speculation that the Evergrande collapse could cause a global financial crisis of the likes seen with the Lehman Brother’s – a reference to the financial giant that went bankrupt in 2008 causing the GFC.
"However, most of Evergrande’s debt is localised in China, but there is always a risk of investors and banks in other markets getting spooked, leading to a global credit crunch, Prof Powell noted."
Will Evergrande collapse?
Will China bail them out?
Would an Evergrande bankruptcy lead to a new GFC?
via International Skeptics Forum https://ift.tt/3a0LAdh
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