Multiple Chinese investment firms have been defaulting around Evergrande. The Chinese government has been paying Evergrande's domestic interest payments, but not foreign. Xi then told the Evergrande CEO to start paying with his personal wealth. Little doubt that will happen since these bonds go on for years, so they've reached the end of the road. It won't be just Evergrande collapsing, it will be that entire fake construction industry that cabal firms have invested so heavily in.