WSJ:

• The descent into default “is unlikely to cause much market turbulence.“
• “Beijing has also taken broader steps to offset the impact of Evergrande’s demise”
• “After a huge run-up (…), Beijing can’t afford too many bailouts”
• “A belief that Evergrande was too big to fail”

No doubt, a $300 bn default will be a walk in the park… ???

Previous review: The world’s largest Ponzi is bursting – the Evergrande default