ANALYSIS: Evergrande Bankruptcy Linked to Xi's Purge of Political Rivals theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
China's bubble ready to burst, as shown by the China Evergrande Group filing for bankruptcy protection in New York. Construction giants and huge defaults. The woes of Zhongzhi, empire of financial intermediation. The authorities' vain search for solutions and fears of protests. Pboc cuts prime rate by 10 basis points.