And while we believe Evergrande's chaotic, freefall default poses such a catastrophic risk to the Chinese economy (a nightmare scenario echoed in graphic detail by Bloomberg) that a rescue will materialize, enraged retail investors now squatting at the company's headquarters claim to be holding management hostage in their offices, according to the Straits Times.
"I have with me Nanchang's top Evergrande representative surnamed Chen," said WeChat user Yang Qiwen, referring to the city in Jiangxi province in south-eastern China, in a post accompanied by a photo of a man lying on the floor.
"He can't leave the office. There are more than 300 of us (investors) stopping him," Yang added on one of at least three WeChat groups discussing the company's dire straits.