A Chinese Cautionary Tale For The United States [Seeking Alpha]
COUNTRY GARDEN HL UNS/ADR (CTRYY)
NASDAQ:AMEX Investor Relations:
en.bgy.com.cn
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Source: Seeking Alpha
SPMV SPSM SPUS SPUU SPVM SPVU SPXE SPXL SPXN SPXS SPXT SPXU SPXV SPY SPYD SPYG SPYV SPYX SQEW SQLV SSO SSPY SVAL SYLD TMDV TPHD TPLC TPSC UAUG UJAN UMAR UMAY UOCT UPRO USMC USMF USVM MAGS FXI PGJ EWH EWT GXC FCA KBA CHIQ CQQQ ECNS MCHI CXSE KWEB ASHR ASHS CNXT CNYA KGRN FLHK FLCH FLTW KURE KALL KSTR RAYC KTEC TDF YINN YANG FXP XPP YXI CBON DRAG Desmond Lachman Follower s Follow Play 5min Summary China's property and credit market bubble has burst, leading to significant economic challenges and slowed growth projections. Most of China's major property developers, including most notably Evergrande and Country Garden, have defaulted on their loans. China's current economic misfortunes should serve as a wake-up call to us that high debt levels can lead to serious long-term economic troubles. Klubovy Herb Stein famously said that if something cannot go on forever, it will stop. If ever there was a major country that was in the process of learning this lesson, it has t
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