How Evergrande Could Disrupt The Global Economy If Fall Hits China Harder Than Predicted
Evergrande stands as the world’s most indebted company, facing loans of over $300 billion. While some feared the company’s failure could precipitate an event similar to the crash of Lehman Brothers in 2008 that played a role in opening America’s Great Recession, recent projections have shown less pessimism. Brad McMillan, chief investment officer for Commonwealth Financial Network, issued a statement saying he expected China’s government to use its vast tools to prevent major global economic disaster....