Evergrade: The Fall Out
The End of Build, Build, Build …. And the Start of Help, Help, Help?
Evergrande should be read as a sign of change. China is embarking on a new phase of development that emphasises ‘stability’ over economic ‘growth’ and signals the growing ‘financialization’ of her economy. Evergrande is a signal of tighter Chinese policy control over credit. This sea-change has big implications for the World economy, and the future hegemony of US finance and the role of US dollar. It may end up exposing cracks not only in China’s financial system but in Western finance too. This report warns Western policy-makers not to dismiss the China threat.
See our latest published research, Global View - The End of Build, Build, Build …. And the Start of Help, Help, Help? - September 2021
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