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Evergrande is this week's FinTwit Dopamine, less credit expansion and global gdp growth will be its legacy...
Invigorated fascist regime intent on rolling back capitalism, hammers its best wealth creation engines, outlaws credit scoring and now has to ponder whether to sacrifice its absurd GDP growth targets as they deal with an over indebted property sector. I'm loving their quandary.
Do they continue to purge capitalism (beat the winners) and bail out the property sector (support the losers) all paid for in ordinary Joe wages that seem too low. Is a losers' bail the ultimate rejection of the free-market system? Puff on that Xi...and your Princes of the Yuan.
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