Impact of Evergrande crisis could spread far beyond China

The collateral damage could be considerable, and extend beyond China.

The halted under-construction Evergrande Cultural Tourism City, a mixed-used development in China's Suzhou city.PHOTO: AFP

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?

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