Markets sold off on Monday amid worries about Chinese property giant Evergrande’s massive debt load, and one expert warns that there is more agony coming for anyone connected to Evergrande.
“There’s going to be a lot of pain — almost everybody involved with this is going to get a chunk taken out of them, if not worse,” Leland Miller, CEO of China Beige Book, told Yahoo Finance (video above).
Evergrande currently has over $305 billion in liabilities, and some worry about the potential risks…
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