Interesting Times Gang, page-5

I'm here to save China.

Most of their current Evergrande troubles are self-imposed. From what I've heard property was booming in China late last year when they brought in measures to crack down on excessive borrowing. That caused the property market to slow but that was their goal, to make property affordable....

The cure is now worse than the disease (I summoned Confucius to speak to me for that gem)

Evergrande having borrowed way too much in good times had to offer discounts to entice buyers. Heavy borrowing and discounts don't mix. Now there's a lot of bag holders in Evergrande.

So some people should take some haircuts now, keep the developers afloat until they complete the current projects that people have put deposits on, plus they should flip the switch again and ease up on the borrowing restrictions from last year.

There I have now saved China.