Published: October 14th, 2021,
Last updated: October 14th, 2021
China’s economy is currently dominated by two major issues: the power shortage and the crisis surrounding the stumbling real estate giant Evergrande. After we looked at the power crisis in yesterday’s issue, we now turn to the latest on Evergrande. Finn Mayer-Kuckuk analyzes Beijing’s search for ways to tackle the problems at Evergrande without severely affecting other parts of the economy. Because a default seems inevitable.