Problem
Evergrande, a Chinese property developer, was in news spotlight recently for missing US dollar bond interest payments in the last few months. Research the issue on why Evergrande's potential default is closely watched by financial analysts over the globe. You should address the following issues:
1. What's the story so far?
2. What are some impacts so far of Evergrande's financial trouble?
3. If Evergrande does default in the near future, what are the likely consequences?
4. Your recommendation for stock market investors in the U.S. and globally.