The Fall of Evergrande: A Case Study of China’s Financial Turmoil in 2022 and the Implication to China-Bound International Capital in 2023 and Beyond

Written by Daniel Jia. In late 2021, international investors felt a real chill from China: China’s real estate giant, China Evergrande Group, defaulted on interest payments on US$1.2B offshore bonds. The Evergrande trouble was shocking, but it was only the tip of a monstrous China iceberg, toward which the Titanic of international investors are headed. What would follow in 2023 and beyond? Is Taiwan prepared?