A man stands near a map showing Evergrande projects in China on the wall of an Evergrande development in Beijing on September 21. Global investors are watching nervously as the Evergrande Group struggles to avoid defaulting on tens of billions of dollars of debt. Photo: AP
A man stands near a map showing Evergrande projects in China on the wall of an Evergrande development in Beijing on September 21. Global investors are watching nervously as the Evergrande Group struggles to avoid defaulting on tens of billions of dollars of debt. Photo: AP
Nicholas Spiro
Opinion

Opinion

Nicholas Spiro

Evergrande crisis is not entirely to blame for global market jitters

  • The deepening liquidity crisis at China’s second-largest property developer is important only insofar as it feeds into a broader narrative around the slowdown in global growth and the risk of a major policy mistake

A man stands near a map showing Evergrande projects in China on the wall of an Evergrande development in Beijing on September 21. Global investors are watching nervously as the Evergrande Group struggles to avoid defaulting on tens of billions of dollars of debt. Photo: AP
A man stands near a map showing Evergrande projects in China on the wall of an Evergrande development in Beijing on September 21. Global investors are watching nervously as the Evergrande Group struggles to avoid defaulting on tens of billions of dollars of debt. Photo: AP
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