A peeling logo of the Evergrande Oasis, a housing complex developed by Evergrande Group, is seen outside the construction site where the residential buildings stand unfinished in Luoyang, Henan province, on September 16. Photo: Reuters
A peeling logo of the Evergrande Oasis, a housing complex developed by Evergrande Group, is seen outside the construction site where the residential buildings stand unfinished in Luoyang, Henan province, on September 16. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

China Evergrande debt crisis shows the need to fix global capitalism’s flaws

  • Rather than being China’s ‘Lehman moment’, the property giant’s woes reflect lingering global problems with excess leverage and paltry regulation
  • Policymakers worldwide should be intervening more with tougher regulation, greater prudential oversight and improved transparency to ensure global stability

A peeling logo of the Evergrande Oasis, a housing complex developed by Evergrande Group, is seen outside the construction site where the residential buildings stand unfinished in Luoyang, Henan province, on September 16. Photo: Reuters
A peeling logo of the Evergrande Oasis, a housing complex developed by Evergrande Group, is seen outside the construction site where the residential buildings stand unfinished in Luoyang, Henan province, on September 16. Photo: Reuters
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