Here comes the brrr? China Evergrande collapse shows need for $1 trillion Beijing rescue plan, says Clocktower strategist.

source: https://www.marketwatch.com/story/china-evergrande-collapse-shows-need-for-1-trillion-beijing-rescue-plan-says-clocktower-strategist

TLDRS:

• Since mid-2021, companies accounting for 40% of Chinese home sales have defaulted, including Evergrande in late 2021, stoking fears about the resilience of the world’s second-largest economy.
• This analyst said China may need to absorb some $1 trillion in soured real-estate assets from the private sector, in a move similar to the Federal Reserve’s takeover of toxic mortgage and related derivatives off banks’ balance sheets in the wake of the 2007-2008 global financial crisis.
• Here comes the brrr?
• Is China waking?

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