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Podcast: Patrick Boyle On Finance
Episode:

Evergrande & The Chinese Economy

Category: Business
Duration: 00:16:25
Publish Date: 2021-09-23 04:00:00
Description:

The financial woes of Evergrande the once-mighty Chinese property developer highlight a showdown between two competing objectives for China's Communist Party. They aim to force China's private sector away from speculative and risky lending practices while avoiding a financial meltdown and the collapse of the property sector, in which more than 70% of the nation's urban wealth is locked up.

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