RE: Evergrande Already Liquidating
From my point of view, I believe that the Chinese government will choose to protect the foreign investors who involved their money in this Ponzi scheme called Evergrande and will leave the local small and medium capitalists out of any kind of plan to get their money back. Some believe that Evergrande is too big to fail, but I think it has its fate marked like Lehman Brothers in 2008, its debt exceeds absolutely everything we can imagine and will affect not only the Chinese economy but the rest of the world in a much more lethal way than Covid19. Welcome to the collapse of the fiat system.
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