21.09.2021 – Editorial

The impending bankruptcy of Chinese real estate giant Evergrande is causing unrest far beyond China’s borders. Their debt of the equivalent of €250 billion brings back dark memories. Some people see parallels to the U.S. banking crisis of 2008 or the Asian crisis of 1997. Frank Sieren analyzes the true dimensions of the Evergrande case for you – and explains why there is no risk of a collapse or even a global financial crisis. Nevertheless, this case clearly shows one thing: the weak points of China’s financial and economic system.