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September 21, 2021 | China’s Ponzi scheme in global spotlight again

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

There are parallels here for other economies like Canada, which have enabled an unhealthy reliance on debt and realty bubbles.

“If you want to teach a lesson you have to cause pain.”

China Beige Book CEO Leland Miller joins Yahoo Finance Live to discuss why China property fears are concerning investors.  Here is a direct video link.

Meanwhile, the stress in Chinese stocks is not contained in China, see Bank stocks sell-off on China Evergrande Concerns as investors worry who has exposure to its $300 billion in debt.  The below table shows some of the largest mutual funds with direct Evergrande Group exposure.

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September 21st, 2021

Posted In: Juggling Dynamite

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