> I think what Western observers are missing is that this was an intentional "let fail" in order to prevent this structural weakness from becoming too big of a

> I think what Western observers are missing is that this was an intentional "let fail" in order to prevent this structural weakness from becoming too big of a problem. I think what you're missing is that China isn't even out of the first inning on this one. Evergrande hasn't even failed yet. It's a slow-moving trainwreck and the contagion is only just starting to spread. https://www.reuters.com/world/china/chinas-state-council-held-meeting-with-property-developers-banks-source-2021-11-09/ https://www.reuters.com/world/china/chinas-state-council-hel...