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Contagion: China Evergrande Group’S Collapse And Its Impact On Belt And Road Stock Indices, William Han Wang
Contagion: China Evergrande Group’S Collapse And Its Impact On Belt And Road Stock Indices, William Han Wang
CMC Senior Theses
The Evergrande Group is a giant: a company that has liabilities proportional to 2% of China’s overall GDP. While there is evidence that Evergrande’s collapse harmed China and its surrounding economies, this thesis analyzes Evergrande’s default within the context of China’s central foreign policy: the Belt and Road Initiative. Through four selected event dates, a difference in means and medians test and standard panel regression is conducted to analyze differences in impacts for Belt and Road and non-Belt and Road participating countries’ stock indices. This paper’s hypothesis implies that Belt and Road countries would see comparatively more negative impacts on …