China property Evergrande
China's property sector is central to its economy.
  • A group of Evergrande bond investors sounded the alarm on the troubled Chinese developer, the WSJ reported. 
  • Last month, Evergrande cancelled a $19 billion debt restructuring, leading bondholders to warn of wider turmoil. 
  • "This will likely lead to the uncontrolled collapse of the group," the investors wrote. 

A group of investors who hold more than $6 billion of bonds issued by ailing Chinese property giant Evergrande said the developer could soon face big trouble that could spill out into the rest of the country's real estate market.