Evergrande - Can China's Communist Party Save Capitalism?

Did you know that real estate constitutes a whopping one-third of China’s massive economy? The property sector has been used to drive growth and most household wealth is held in real estate. As a result, for years developers like Evergrande have had access to cheap money, enabling them to become small Empires. Recognizing that the situation was out of control, President Xi Jinping has used his "common prosperity" to establish new policies to limit the use of property as a financial tool...