Dude gives 19 min of nonstop vital info on Evergrande situation. They are totally hosed, no way out. Their top guy made the last bond coupon payments out of his own pocket, around $100 million. But they are way behind the 8 ball with different payments coming due in relentless fashion.

Around 250 Chinese banks and financial institutions with significant exposure to Evergrande. Thousands of overseas institutions exposed, mostly to high yield bonds. They will get 10% out of it if very lucky, quite possibly a big fat zero.

Their $330 billion balance sheet debt is only part of the problem. They owe enormous amounts to vendors, and are now offering said vendors unfinished Evergrande projects as payment. Some offers being taken, because they know this is their only chance to get anything. Over half their projects halted. Local governments paying to finish Evergrande projects in order to avoid popular disturbance. They skeered!!

Going to be a knock on effect world wide, and as homie says, maybe very rapidly.