Speaking with CNBCs Street Signs Asia on Friday the co-head of Asia fixed income at AllianceBernstein warned of a domino effect from a potential Evergrande. Zeng told CNBCs Street Signs Asia there is the possibility of a domino effect following the collapse of Evergrande.
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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 Jenny Zeng.
Evergrande effect. Evergrande effect the financial crisis hits other Chinese real estate developers. Evergrande is on the verge of defaulting as banks tighten lending. The financial crisis of the real estate giant Evergrande like a risk without discounts it is also.
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.
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