China Financial Contagion Fears Come And Go In A Few Days

Published Friday, September 24, 2021 at: 5:53 PM EDT

Fears of a China financial contagion infecting the global economy caused a plunge in the U.S. stock market on Monday, but the Standard & Poor’s 500 stock index recovered and closed with a one-half of 1% weekly gain. Authorities in Beijing have signaled that Evergrande, one of China’s biggest real estate developers and reportedly the most indebted company in the world, may not be too big to fail. Unless Beijing rescues Evergrande, it is expected to default on its $300 billion in debts. The Chinese government has previously bailed out troubled companies, but it is cracking down on risk – including...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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