CommentEvergrande problems signal basic shift in China's economic model
Achieving its lofty green goals could save planet
Chinese electric vehicle maker Nio is valued at almost twice the level of Ferrari, the industry’s totemic profit generator. © Reuters
James Kynge
October 7, 2021 18:53 JST
The Evergrande crisis in China has thrown up a crop of headlines focusing on the property company's huge debts and irresponsible management. But fewer have sought to highlight the story behind the story: that Evergrande's difficulties signal a basic shift in China's economic model.