As China’s economic stability continues to deteriorate, Evergrande’s delisting from the Hong Kong Stock Exchange signals the end of the ‘China Miracle.’
Because past efforts to accelerate consumer spending have failed, Beijing has begun to consider more radical changes, including an alteration in the tax code.
As China’s economic stability continues to deteriorate, Evergrande’s delisting from the Hong Kong Stock Exchange signals the end of the ‘China Miracle.’
Because past efforts to accelerate consumer spending have failed, Beijing has begun to consider more radical changes, including an alteration in the tax code.