Analysts have been monitoring the possibility of wider contagion in the real estate sector and. Evergrande is on the verge of defaulting as banks tighten lending.
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Evergrande effect the financial crisis hits other Chinese real estate developers.
Evergrande effect. Zeng told CNBCs Street Signs Asia there is the possibility of a domino effect following the collapse of Evergrande. The financial crisis of the real estate giant Evergrande like a risk without discounts it is also. Evergrande is Chinas second-largest property firm by sales.
Evergrande collapse could have a domino effect on Chinas property sector AllianceBernstein says A spillover of the crisis at China Evergrande Group into other parts of the economy.
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