Ni kubaya, Evergrande has officially defaulted

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Sasa Evergrande ndio wagani ?

It was only a matter of time.

EDIT: they have not defaulted.

Here:

Meltdown: What is going on with China’s real estate market? - Business - Kenya Talk

@patco ? The proverbial shit has just hit the fun.

Wamelipa. China sio US.

Naweza furahi sana kama it will only affect them, but in todays world unaweza pata bei ya arimis imegonga mia tano kesho asubuhi !

I remember some years back looking at newyork being hit by a typhoon I was like fuck them , a few hrs later simu yangu haiwachi kulia , servers are down kumbe typhoon cut one of the fibre cables ,chaos for 24hrs clients can’t connect to their sites ,mail is down . such a shit storm ,hio typhoon ilini affect kushinda washenzi huko

Likely Chairman Xi may drop his hard-line stance and agree to bail em out. Too big to fall.

Maybe not so fast, he would have already.

Looked at the list of the biggest shareholders of Evergrande are American and European banks and investment banks.

Mzito Xi anawacha kanuke USA pia wakipate.

Nobody that can afford a Chinese real estate bond in USD is lurking in this village