It is now widely accepted that the crisis that has engulfed Evergrande, which is weighed down by more than US$300 billion (S$406 billion) in debt, will spread beyond the Chinese property developer itself. But the question is: how far?
Will it be contained as a domestic real-estate crisis or will it be more than that? What other entities will be impacted within China and beyond its shores? What second-order effects could there be?