Evergrande: China’s efforts to contain its Lehman moment
China is handling the crisis very differently to the way the US dealt with the Lehman collapse. …
The “three red lines” are a set of debt thresholds that severely limit the ability of certain property developers to borrow. For decades the sector had seen uncontrolled borrowing, something the China’s central bank, the People’s Bank of China (PBOC), described as “reckless”.
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