Originally Posted by
Jaa
Thursday is the day we will know if they won't pay the USD holders. Then they have 30 days to remedy the breach. ie 30 days of brinkmanship and instability. Long way to go yet.
For those who say Evergrande doesn't matter, just look at the share price falls of BHP and RIO.
China's property market and that in much of Asia has been a giant bubble for years. So many stranded assets. Fine while your economy can grow into them.
Here's another possible scenario, Chinese investors facing margin calls sell crypto assets and wait for it even.... NZ and Aus property.