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Why China’s Evergrande debt crisis is the tip of an iceberg

First published: New Statesman 22/09/2021

As Covid-19 spread across China at the beginning of 2020, some commentators dubbed it as China’s “Chernobyl moment” – an event that would undermine the legitimacy and rule of the Communist Party. A much more likely candidate has emerged, though, in the form of the debt crisis enveloping Evergrande. Read on….