Problem with this theory is that evergrande is actually solvent, they have nearly a trillion dollars worth of land and buildings, meaning that even if they only sell their assets for 50% of their overall value, their debt will be paid in full.

This is a fun fantasy that I’m sure many of us want to see, but unlike tech firms that go under around the globe, most real estate firms that fail do so due to illiquidity, not insolvency.