Is this just a big hiccup for China’s economy? Or China’s «Lehman moment» that will send shockwaves across the globe? I missed the beginning of this story and so whenever it popped up, I knew too little to make sense of it, so I passed. But it keeps popping up, so this was helpful: A short primer from the makers of the always reliable Planet Money podcast.

From Weekly Filet #364, in October 2021.