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China property “large drag for years to come”

December 8, 2021 - 09:30 -- Admin

Lots of China property news today. Evergrande is going under. So are many of its mates. Dollar funding spreads are worsening again. Stimmies are exciting the market’s useful idiots but policymakers are holding the line.  Rather than recap it all, here is a solid take from TSLombard. It’s a little less bearish than I am

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