Many Chinese property firms are distressed now, it remains to be seen how it ends. Here's an Evergrande bond that's trading at a 90% loss, implying chance of t

Many Chinese property firms are distressed now, it remains to be seen how it ends. Here's an Evergrande bond that's trading at a 90% loss, implying chance of total failure/default is quite high: https://markets.businessinsider.com/bonds/china_evergrande_groupdl-notes_201721-25-bond-2025-xs1627599654 https://markets.businessinsider.com/bonds/china_evergrande_g... Of course, the Chinese government has a lot of power to try to socialize the losses and salvage things. When you have a spiderweb of liabilities that are jointly depended on, it's difficult to intervene and find a clean resolution, despite the gov having the authority to do so