It looked like things were stabilising in September with in-market pricing seemingly finding a floor level and some exporters even reporting increases, however, once the Evergrande debacle came to press and exposed the greater liquidity issues of many other large Chinese development companies, market sentiment took a turn for the worse. It now seems that Evergrande may only the tip of the iceberg with the Wall Street Journal predicting a day of reckoning in the Chinese development sector to the tune of $US5 trillion. The Chinese government is no stranger to ...
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