is trouble brewing in chinese real estate market ?

• 

evergrande , the largest developer , defaulted on a bond payment , trading of shares suspended in hong kong stock exchange

now another developer misses a bond payment – fantasia

s and p global ratings downgraded the property firm – sinic holdings

what is going on ? could this have global repercussions ?

will this be a similar crisis to the lehman brothers of 2008 ?

let’s hope not …