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cmiksche ("Christoph Miksche") wrote:
As far as I understand it most experts believe the chinese government will support the competition to takeover parts of Evergrande and solve the problem that way without a crisis.
If that doesn't happen we could have a Lehman moment.
Over the last months the chinese goverment destroed whole sectors (e.g. E-Learning) without any help - so I wouldn't bet on support.
Also the company already tried to sell parts without much success and the competiton already has high debts...