People of china always had a access to credit problem , just as jack ma had said and got punished. before there was shadow banking(high interest) then the p2p lending platform( Higher interest but more funding )took over . A lot of these p2p barracudas starting to get stuck and goes tits up basically the medium size business shark start to take over and starting to build in the wealth product( 7-10% return) that the sell to buyers to get capital to fund projects for whales like Evergrande , So the food chain got rattled at the top. The fallout will be felt on every level with the most pain coming to the little guys .