Why Evergrande’s Debt Problems Threaten China

The real estate developer Evergrande once binged on debt. Now the music has stopped, investors are panicking and experts are warning of an imminent failure.

Why Evergrande'S Debt Problems Threaten China

The New York Times – by Alexandra Stevenson and Cao Li

Every once in a while a company grows so big and messy that governments fear what would happen to the broader economy if it were to fail. In China, Evergrande, a sprawling real estate developer, is that company.

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