All things worth less because one Chinese real estate company?

I've been reading about Evergrande and I really don't get it. Can anyone explain this to me like I'm 5?

I'm guessing all rich people are selling everything because something bad might happen? Or will happen? Should I be selling all my shit?

Edit: Not gonna sell all my shit lol. I was in a kind of a hyperbolic mood. Just feeling impatient with how people at the top fucking up means we all lose value, even if temporary.



Submitted September 20, 2021 at 04:54PM by Ecksist https://ift.tt/39mzbjK

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