EverGrande defaluts on their $600B USD debt

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Hello BP community,

Curious what you macro experts out there make of what's occurring in China right now. Evergrande has defaulted on its payments as their debt crossed $600B USD. I'm curious how that may impact real estate in the US and what signal that is to the global macro picture.



I just remember watching those shows where there are billion dollar plus developments built in china sitting empty.

and Last time I was in Singapore we scooted over to Maylasia and you should have seen all the high rises there basically
1/4 sold or mainly empty .. Not sure 600B moves the needle much in china.