Thinking About China
Opinion

Is Beijing Finally Stepping Up to Its Financial Responsibilities?

Is Beijing Finally Stepping Up to Its Financial Responsibilities?
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong Province, China, on Sept. 26, 2021. Aly Song/Reuters
Milton Ezrati
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News Analysis

Stranger things have happened, but not frequently. The huge Chinese property developer, Evergrande, after missing an $83 million interest payment on a portion of its dollar-denominated debt, suddenly sent funds to its trustee to make the payment.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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