Search Results for: economy

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Evergrande Defaulted on its Debt – Will That Mean Troubles for the US Economy?

For the Chinese economy, the hit from the Evergrande failure will shake the system badly. As evidenced by the government stepping in to shore up the company’s day-to-day operations in China. Peter Cohan, a lecturer at Babson College and author of “Goliath Strikes Back,” told GOBankingRates that Evergrande’s default will have no significant effect on the …

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Los Angeles Real Estate Market Haunted by China’s Ghost Economy – OceanWide Plaza Poisoned by Economy Plunge

When playing word association with China’s economy, two terms that do not come to mind, and absolutely should not, are rock solid and sustainable. Instead, it’s more like paper mache and Ponzi schemes. Known for enormous ghosts cities and toppling, shoddy tofu-dreg construction, communist-controlled mainland spreads its sprawling, zombie-like tentacles in a ghoulish, global grab. As …

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