Evergrande's Collapse Calls for the Financial Shift?
Too Long; Didn't ReadThe recent court order to wind up Evergrande, the world's most indebted developer, has brought a chain of reactions from far beyond the real estate sector. The real estate and construction sectors were affected. The buyers are getting ready to wave goodbye to their deposits. And the Evergrande's lenders are preparing for the worst, as the fragile nature of the whole banking system is being revealed.