News Snapshot:
Just weeks after investors faced a crackdown on China’s most sensible tech companies, they are now reading about a default imaginable via the country’s largest genuine real estate developer, Evergrande. The company has a remarkable $ 300 billion and China’s genuine real estate market has weakened following measures taken through the Chinese government a year ago to curb the rise in asset prices. These measures contributed to a 21% drop in home sales through developers in August more than a year ago. According to a CNN Business report, Ed Yardeni raised the specter that an Evergrande collapse could have “systemic...
