China: Not so Evergrande

19 September 2021 — Michael Roberts Blog 

by michael roberts

China’s Evergrande Group is the second largest property developer in China and it is teetering on the brink of bankruptcy.  Evergrande has hired ‘restructuring advisers’ and warned that its liquidity is under “tremendous pressure” from collapsing sales, facing protests by home buyers and retail investors.  Based in Shenzhen in southern China, Evergrande is saddled with almost Rmb2tn of total liabilities or over $300bn.

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Reflections on Events in Afghanistan-20

19 September 2021 — Indian Punchline

Iran’s then-Foreign Minister Javad Zarif (R) welcoming Taliban leader Mullah Abdul Ghani Baradar (C), Tehran, Jan. 31, 2021

20. Iran takes good look at Taliban rulers

Some strongly worded statements from Iran deploring the clashes in Panjshir Valley created a perception that Tehran might be distancing itself from the Taliban government. Of course, Tehran is vociferously urging the formation of an ‘inclusive government’ in Kabul.

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Reflections on Events in Afghanistan-19

18 September 2021 — Indian Punchline

Family photo of the 20th summit meeting of the Shanghai Cooperation Organisation, Dushanbe, September 17, 2021

19. SCO won’t be subaltern to QUAD

As expected, the situation in Afghanistan was the focal point of the discussions at the 20th summit meeting of the Shanghai Cooperation Organisation (SCO) in Dushanbe on Friday. Yet, the SCO’s Dushanbe Declaration is scanty on the topic.

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