The vast majority of evergrandes debt is denominated in CNY not USD I think. Bear in mind how tightly china controls access to its markets and its currency isn'

The vast majority of evergrandes debt is denominated in CNY not USD I think. Bear in mind how tightly china controls access to its markets and its currency isn't easily convertible. In other words, there's probably far less spillover into the rest of the world because the rest of the world simply couldn't lend evergrande that much money in the first place.