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Thursday, September 23, 2021

Current Events-China

 https://epocanegocios.globo.com/Empresa/noticia/2021/09/china-se-prepara-para-possivel-quebra-da-evergrande.html

In the economic downturn of 2008-09, the US government "bailed out" insurance companies and it amounted to fiscal irresponsibility.

What will China do?

If they allow Evergrande to face bankruptcy, it might have worldwide repercussions. But they know that if the collapse is big enough, it can work to China's advantage.

How?

RESET.

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