China’s second-largest property developer, Evergrande, owes about US$300-billion in liabilities, sparking fears that the property developer could default. But would Beijing allow such a huge company to fail?
The Globe’s Asia correspondent James Griffiths explains how Evergrande became a behemoth in a real estate market overrun with speculation, and why its current trouble started partly because of new government crackdowns on inequality in China.
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