Evergrande doom loop accelerates

Readers will know that China’s Evergrande group has become a central part of the story of the current economic slowdown in China.

Evergrande has been reeling all year as it struggles to meet the terms of China’s Three Red Lines policy aimed at deleveraging property developers to end, once and for all, the misallocation of capital into building empty apartments.

Evergrande has led a disastrous year of evaporating property developer equity on Chinese bourses:

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