A view of part of an unfinished theme park in Evergrande Cultural Tourism City in Taicang, Jiangsu province, on October 22. Construction has been halted at the project. Photo: Reuters
A view of part of an unfinished theme park in Evergrande Cultural Tourism City in Taicang, Jiangsu province, on October 22. Construction has been halted at the project. Photo: Reuters
Andrew Sheng
Opinion

Opinion

Macroscope by Andrew Sheng

Why China’s handling of the Evergrande debt crisis should cheer markets

  • It is encouraging to see authorities taking a market-oriented, rules-based approach towards managing events such as the Evergrande default
  • Even in a volatile global environment, China is sticking to a steady policy mix aimed at providing stability

A view of part of an unfinished theme park in Evergrande Cultural Tourism City in Taicang, Jiangsu province, on October 22. Construction has been halted at the project. Photo: Reuters
A view of part of an unfinished theme park in Evergrande Cultural Tourism City in Taicang, Jiangsu province, on October 22. Construction has been halted at the project. Photo: Reuters
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