#CutTheClutter #ChinaEvergrandeCollapse #XiJinping
As Evergrande, China's largest real estate company collapses, Shekhar Gupta explains what the crisis is and how politics of Xi Jinping’s ideological push is behind it. Heady brew of Nationalusm, populism & ideology to fuel his political ambitions. Episode 839 of CutTheClutter.
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Correction at 7:58: The correct figure is Rs 22 trillion lakh crore not 2.2 trillion lakh crore. Error regretted.
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Additional Research by Sukriti Vats and Amogh Rohmetra
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Brought to you by @KiaInd
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Read the Global Times article here: https://www.globaltimes.cn/page/20210...
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Read Lingling Wei's article here: https://www.wsj.com/articles/xi-jinpi...
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Read the BBC article here: https://www.bbc.com/news/business-585...
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