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Rich Dad Poor Dad Author Calls Evergrande a ‘House of Cards’ While China’s Officials Prep for Firm’s Demise

Rich Dad Poor Dad Author Calls Evergrande a ‘House of Cards’ While China’s Officials Prep for Firm’s Demise



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  1. tldr; Chinese authorities have reportedly told the private sector to get “ready for the possible storm” if Evergrande defaults and it causes a credit contagion. The People’s Bank of China already provided $18.6 billion in liquidity to ease the brunt of the company’s debt crisis. However, the central bank may not be so willing to bail the company out.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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