Financial Doomsday On The Horizon | China’s Evergrande Contagion Spreads | The People’s Talk Show

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Just days after Evergrande’s bonds hit new all-time lows after “China’s Lehman” warned that the company with over $300 billion in debt and which many views as systematically important for China, the selloff accelerated further following news of a mini bank run as i) several key creditors demand immediate repayment and ii) as Evergrande bonds are no longer accepted as collateral.

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