. Evergrande has suddenly exploded into a potential global financial market crisis « JO LEE MAGAZINE

MarketWatch  –  Evergrande—which reportedly faces at least $83.5 million in interest payments due on Thursday, with a 30-day grace period — is raising concerns about a liquidity crisis among all Chinese and Hong Kong property companies, as markets quickly turn off access to dollar funding. In a more macro way, the firm’s woes are bringing to the fore China’s wide-scale regulatory crackdown across most of its businesses, starting with technology giant Alibaba Group Holding Ltd which is rattling confidence in the world’s second-largest economy.

Further explanations at MarketWatch 

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