Trouble is bubbling away in China's property market; 7 things you need to know including investors implications

3. Country Garden $COUNTRY GARDEN (02007.HK)$ is China's largest private-sector developer by sales; it is building 3,000 housing projects in smaller cities - that's four times more projects than Evergrande. And it employs 70,000 people.

4. When Country Garden $COUNTRY GARDEN (02007.HK)$ didn't pay the coupon payment on Monday to bondholders its shares tumbled. Country Garden shares in HK have now lost ~22% from Friday.

5. Think of the knock-on implications for commodities & mining companies. Remember amid the Evergrande $EVERGRANDE (03333.HK)$ 2021 crisis, after a court ordered Evergrande assets be frozen, many Hong Kong banks declined to lend to Evergrande. S&P and Fitch downgraded its credit rating. The Iron Ore price fell ~40% (May-November). BHP shares $BHP Group Ltd (BHP.AU)$ fell~34% (August-November) before recovering.

6. Beware! A potential $COUNTRY GARDEN (02007.HK)$ default could not only impact China's housing market, overall sentiment in China, but also confidence in the world's 2nd biggest economy, as well as the global stockmarket. Consider Apple $Apple (AAPL.US)$ shares fell ~11% (Sept-Oct) amid the Evergrande crisis, the S&P500 $S&P 500 Index (.SPX.US)$ fell about 6%, as like a lot of businesses, Apple makes a chunk of its revenue from China (19% of its revenue from China). Tesla $Tesla (TSLA.US)$ makes 22% of its revenue from China.