Chinas highly distressed real estate companies are at risk of collapse as the countrys highly indebted developer Evergrande is on the brink of default warns AllianceBernsteins. Evergrande is on the verge of defaulting as banks tighten lending.
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Zeng told CNBCs Street Signs Asia there is the possibility of a domino effect following the collapse of Evergrande.
Evergrande effect. The financial crisis of the real estate giant Evergrande like a risk without discounts it is also affecting. 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 could. Evergrande effect the financial crisis hits other Chinese real estate developers.
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