“Evergrande can fail”. The brick bubble now scares Beijing

“Evergrande can fail”. The brick bubble now scares Beijing
“Evergrande can fail”. The brick bubble now scares Beijing

BEIJING – The word “default” is no longer taboo and now the risk of a chain reaction that infects the country and global markets scares China, and beyond. The fear among investors is palpable: on Wednesday Fitch cut the rating from triple C to double C, announcing that some kind of default “seems likely”.

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