Bejing not likely to let Evergrande Collapse?
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Biz Coach, Super Joe Pardo reacts analysts talking about China not allowing Evergrande to collapse.
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Check out:
https://finance.yahoo.com/news/evergrande-crisis-beijing-not-likely-093000771.html?.tsrc=fin-srch
https://finance.yahoo.com/news/1-china-cbank-official-says-103516300.html
2 Comments
My gut says it’ll collapse. Xi wants to be a second Mao, and Mao knew he was starving tens of millions to death. Plus, I’m not sure they can stop it. Think about it like a Jenga tower. Sure, they can move a block in to support a hole but that means they have to pull one out somewhere else. Eventually, that’s gonna fall.
For so many people’s sake, I hope you are incorrect. But I do agree with your analogy to the Jenga tower. Especially if there is no immediate end in sight for the recovery from the pandemic. I appreciate you watching and commenting!