Evergrande DEFAULTS – Contagion risk will spread to crypto, institutional investors, pension funds and more

(Natural News) Evergrande, China’s Ponzi property developer, is now officially in default as Fitch has confirmed the indebted company has missed interest payments on bonds, with over $300 billion in bonds outstanding. Property developer Kaisa is also named in the default decision, and there are nearly a dozen other Chinese property developers that are widely…