All Powerful Moderator
There was a great commercial during the 2016 election that showed a group of Chinese in a conference room speaking in Chinese laughing about "owning" the United States. All I can say is that I am glad a speak enough Chinese to be able to get a job in the next phase as a domestic worker for our potential overlords.
The idea of Lehman moment in China's financial system is misguided, write Shehzad Qazi and Derek Scissors of China Beige Book.
The ongoing implosion of Evergrande, China’s second-largest property developer with reportedly over $300 billion in liabilities, has rocked markets this week. This is happening within the backdrop of a weakening property sector as seen in China Beige Book’s quarterly survey of over 4,000 companies operating in the country. The presumed feedback loop between the two has led to much, loud conjecture that we could be approaching China’s “Lehman moment.”