"The social system of private property and limited government is the only system that tends to debarbarize all those who have the innate capacity to acquire personal culture."
~Ludwig von Mises
Oct 15, 2021
Zou Lan on Evergrande spillover: "controllable"
The risk exposure of individual financial institutions to Evergrande is not big and the spillover effect for the financial sector is controllable... This short-term extreme reaction is a normal market phenomenon.
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