The contagion from Evergrande is spreading. Other developer bonds are in freefall, such as Guangzhou R&F. Everre's total liabilities are over $300bn - biggest debts are to suppliers not lenders. They now exceed assets, which have also fallen sharply in value. PMI data awful with leading indicator or oders falling to lowest ex-Feb 2020. Real estate volumes in August according to WIND were down 24% on a year ago. August data for retail sales will be awful. The economy is contracting.