The failure of Chaori Solar Energy Science and Technology has been called China’s ‘Bear Stearns moment’. Diana Choyleva, of Lombard Street Research, tells John Authers it may need a larger Lehman-type failure if it is to deal with its overhang of debt.
China In Need Of Large-Scale, Lehman-Style Failure
For the first quarter of 2022, the Voss Value Fund returned -5.5% net of fees and expenses compared to a -7.5% total return for the Russell 2000 and a -4.6% total return for the S&P 500. According to a copy of the firm’s first-quarter letter to investors, a copy of which ValueWalk has been able Read More