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10 questions on China’s real estate bubble
The recent financial problems of Evergrande, one of China's leading property groups, have served as a reminder that Chinese economic growth is unbalanced. There is too much investment, especially in construction, and therefore too much debt. This is not sustainable. This is an old diagnosis. What is new is that the Chinese government now seems determined to deflate the real estate bubble. The markets have concluded that a potential default by Evergrande would not be a Lehman-styl...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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