The Great Reckoning—Reflecting on the Evergrande Saga

China’s economic growth deceleration, triggered by a zero-COVID-19 policy and multi-faceted regulatory tightening, has been of increasing concern to global markets. 

Removing excesses and improving the health of the property sector have been objectives of the more stringent regulatory environment, but these efforts have resulted in acute financial duress for Evergrande, one of the China’s largest and most indebted property developers. 

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