Our perspective on global micro event and strategies.
It’s a common question that’s been hovering over the global investment landscape in recent days. In a word, I feel confident the answer is “no.” And a related question: Can China overcome its longer-term debt and capacity problems? I think the answer there is probably “yes,” if given enough time. Let’s have a closer look at this still-evolving situation.
The recent high-profile debt woes of China’s second-largest property developer have riled global markets and sparked widespread fears of a brewing systemic crisis that could spread from China to the US and the rest of the world. I suspect those concerns are overblown and largely unfounded. In fact, I believe the risk of a systemic Chinese crisis with contagion potential is…