India & China: A Reversal of Economies?

“Investing in communism never works,” Kyle Bass, the CIO at Hayman Capital Management, recently told CNBC in an interview. China, the world’s second-largest economy, is grappling with various headwinds that could lead to long-term headaches. Beleaguered real estate developer China Evergrande Group reminded domestic and global financial markets of Beijing’s debt challenges. A Hong Kong court ordered the liquidation of Evergrande, the world’s most indebted company, with roughly $330 billion in liabilities. Nearly two years after defaulting on its debt, Hong Kong Justice Linda Chain ruled “enough is enough” as the entity had failed to submit resolutions, provide efficient communications, or complete restructuring efforts....