Pantheon Macroeconomics

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22nd Sep 2021 00:00China+, Economic Monitor, Asia Key Issues

  • Growing fears of defaults by Evergrande have caused jitters in funding markets...
  • …But the consensus view is right; this is not China's Lehman moment.
  • Beijing can contain the worst, but the blow to land prices and confidence means slower growth ahead.

beijing china chinese confidence consumer consumption debt demand developers fed financial system forecasts government growth interbank investors labour liquidity local government pboc prices private consumption retail rmb rrr rrr cut us

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Keywords for: Evergrande: No Big Bailout, but no Lehman Moment, Either

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