Did the CCP cause the Evergrand crisis

Major Chinese real estate developer Evergrande totters on the brink; investors fear collapse, which could trigger another major financial liquidity crisis

LEON WOLF

DECEMBER 23, 2021

After Beijing established “new rules to control the amount owed by big real estate developers,” Evergrande made the decision to “offer its properties at major discounts to ensure money was coming in.” Unfortunately, the company might have gotten in over its head and it's struggling to satisfy interest payments.