An unfinished residential building is pictured through a construction site gate at Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, Henan province, on September 16. Photo: Reuters
An unfinished residential building is pictured through a construction site gate at Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, Henan province, on September 16. Photo: Reuters
Stephen Roach
Opinion

Opinion

The View by Stephen Roach

China’s changing growth model, not Evergrande, is the top threat to prosperity

  • The new emphasis on redistribution plus re-regulation strikes at the heart of the reform that has underpinned China’s growth since the 1980s
  • The Evergrande crisis will pass, but a regulatory clampdown in conjunction with a push to redistribute wealth could rewind the Chinese miracle

An unfinished residential building is pictured through a construction site gate at Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, Henan province, on September 16. Photo: Reuters
An unfinished residential building is pictured through a construction site gate at Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, Henan province, on September 16. Photo: Reuters
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