Looking like a slow motion train crash:
Evergrande has failed to deliver the debt restructuring plan it promised…
…The real estate company’s failure to meet its self-imposed deadline comes at a time when China’s entire property sector is dealing with a growing mortgage boycott and slumping housing sales.
https://www.msn.com/en-us/money/companies/evergrande-has-fai…
Add to this some banks doing a bail in with depositors’ money. It’s not looking too good.