If The Chinese Communist Party allows Evergrande To Fail, The CCP will not only be killing Corporate Welfare, they’ll also be more Fiscally Responsible than Western Nations – September 21, 2021,
So in the end I’m not sure what the Chinese Communist Party(CPP) will do, but it appears the CCP wants nothing to do with corporate welfare, if the CCP can’t nationalize an industry it appears the CCP will allow it to fail. In most western democracies, we’ve currently labeled certain companies and certain industries such as Real Estate as too big to fail.
China expert says Evergrande could very well be the ‘biggest debt crisis in history’ |
Fox Business
Interesting times ahead