Evergrande; People's Leader Xi in the fields; Grassroots social governance; US-China

Markets seem to have moved on from the Evergrande freakout earlier this week. The mess is far from over and there are still no signs a full bailout is coming, but it looks clearer now that an insolvent PRC real estate firm and its corrupt management are not going to crash the world, or even China.

Is the treatment of Evergrande another sign that Xi is se…

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