Evergrande Another Domino in a Nosediving Chinese Economy

There is little indication that Xi and his coterie understand the economy’s challenges—let alone the solutions—given his ideological pursuits.

An aerial view of the Evergrande Changqing community in Wuhan, Hubei Province, China, on Sept. 26, 2021. Getty Images

Commentary

The collapse last week of China’s largest property developer, Evergrande, marked the inevitable conclusion to a saga that exposes the flaws in communist economic model.