China's Worst Case Scenario With Property Giant Evergrande Is Now In Play

Zero Hedge: "Catastrophic" Property Sales Mean China's Worst Case Scenario Is Now In Play

No matter how the Evergrande drama plays out - whether it culminates with an uncontrolled, chaotic default and/or distressed asset sale liquidation, a controlled restructuring where bondholders get some compensation, or with Beijing blinking and bailing out the core pillar of China's housing market - remember that Evergrande is just a symptom of the trends that have whipsawed China's property market in the past year, which has seen significant contraction as a result of Beijing policies seeking to tighten financial conditions as part of Xi's new "common prosperity" drive which among other things, seeks to make housing much more affordable to everyone, not just the richest.

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WNU Editor: Everyone is now expecting the worst case scenario .... Evergrande creditors fear imminent default as concerns shake sector (FOX News/Reuters).