Events at Stanford
-
22:04 Jan 03, 2022
Date: Wednesday, January 19, 2022. 5:00 PM. Location: Via Zoom Webinar. Register at: https://bit.ly/3pkTQfE This is a virtual event. Please click here to register and generate a link to the talk. The link will be unique to you; please save it and do not share with others. At the end of 2021 China Evergrande Group—one of China’s biggest property developers—finally defaulted on its bonds. The default didn’t spark a Lehman Moment—as widely prophesied—or any significant market upheaval, but it’s increasingly clear that Evergrande’s problems mark the start of a momentous shift in how China’s economy grows. Over the past 18 months, Beijing has induced a slowdown of the property sector with the goal of better ensuring financial sector stability and the sustainability of property sector growth. However, it has resulted in defaults, restructuring, and consolidation among China’s largest developers, and has implication for local government finance and the pace of economic growth. This talk will discuss the challenges ...