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China’s Evergrande shakeout still in full swing

November 29, 2021 - 09:30 -- Admin

China’s Evergrande shakeout is not getting better. Dollar bond spreads for developers did narrow slightly last week but remain at paralysis levels: That said, incremental easing is still underway at the ground level: It needs to be. Property sales are still terrible: Land sales remain apocalyptic with developer balance sheets still in outright survival mode:

The post China’s Evergrande shakeout still in full swing appeared first on MacroBusiness.

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