Curious to see if there is going to be a domino effect with their real estate companies.
China Gardens, the largest real estate company, is toppling (article is from a week ago and those payments still haven’t been made) and at least one of China’s largest “Shadow Banks”, Zhongzhi Enterprise Group, is going with them.
The dominoes aren’t going to stop; Evergrande, Country Gardens, and Zhongzhi Enterprise Group are just the first visible ones.