Economist Podcasts Unsafe as houses? Evergrande and China’s big plans
Dec 10, 2021
Don Wineland, The Economist's China business and finance editor, discusses the alarming delisting of Chinese firms from U.S. exchanges and what it means for investors. Sarah Maslin, the Brazil correspondent, explores Bolivia's vast lithium reserves and the hurdles to unlocking their potential. Meanwhile, Matt Steinbach, the Europe correspondent, highlights the ongoing migrant crisis at the Polish border, interwoven with a Chopin concert aimed at bridging cultural divides. Each guest sheds light on pressing global financial and humanitarian issues.
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China's Market Shift
- Chinese companies may soon delist from US exchanges due to US regulatory scrutiny and Chinese government pressure.
- This shift is driven by US demands for auditing transparency and Chinese cybersecurity concerns, particularly regarding data security.
China's Calculated Opening
- While appearing isolationist, China is strategically opening its financial markets to Western players on its own terms.
- This poses risks for China, including underdeveloped financial tools and difficulties with foreign investment exits.
Navigating Evergrande's Default
- Evergrande's default requires careful management by Chinese authorities to avoid a market meltdown.
- Maintaining market confidence and ensuring liquidity for ongoing projects are crucial for stability.