Evergrande DEFAULTS – Contagion risk will spread to crypto, institutional investors, pension funds and more

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(Natural News) Evergrande, China’s Ponzi property developer, is now officially in default as Fitch has confirmed the indebted company has missed interest payments on bonds, with over $300 billion in bonds outstanding. Property developer Kaisa is also named in the default decision, and there are nearly a dozen other Chinese property developers that are widely…

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