A major chunk of evergrande is owned by black rock and HSBC. The ripple effects will be felt beyond china. This is like saying the virus is only circulating in

A major chunk of evergrande is owned by black rock and HSBC. The ripple effects will be felt beyond china. This is like saying the virus is only circulating in china. I will pay close attention when it starts in US. I think the mortgage squeeze in china is far worse than the pandemic and they have done a good job of masking it. We will know in few months or years when the shock waves ripples thru here.